$949,000
( $905.53Per Sq Foot )
$5,094 forsale estimated payment Sourced by Back At You261-1 Washington Street , Marblehead, MA 01945
Marblehead, MA 01945
Description
Wonderful opportunity for investors! $40K+ annual revenue from tenant, 6%+ cap rate. This is a commercial condo in prime downtown location with ample off-street parking. Sale is for the first floor condo-Unit 1, building only, with right to the basement. Current tenant manages successful restaurant. This unit has been owned by same owner for past 30+ years and has always been occupied by profitable and popular restauranteurs. This would be the ideal model for the next owner. This is a two unit condo association and second unit is on second floor and is a day spa separately owned. Showings only when restaurant is not open. Well managed and well maintained condo ready for you to become the new owner today.
Details
| Mls | 73261361 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 150 |
| Listing Provided By | Sagan Harborside Sotheby's International Realty | Lynne Breed |
Features
| Baths | 3 |
|---|---|
| Sq Feet | 1,048 |
| Zoning | BR |
Market Activity 01945
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Learn More About This Property
| State | MA |
|---|---|
| County | Essex |
| City | Marblehead |
| Zip Code | 01945 |
| Area | Essex |
| Listing VS Median (in 01945) | |
Price: $949,000 low | high Med: $775,000 SqFt: 1,048 low | high Med: 1,482 $ / SqFt: $906 low | high Med: $523 On Site: 150 low | high Med: 16.000000 | |
Listing Updated: November 26, 2024 at 8:58:53 PM PST