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11 photo(s)
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Marblehead, MA 01945
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Active
List Price
$949,000
MLS #
73261358
- Commercial/Industrial
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Type |
Commercial Sale |
# Units |
1 |
Lot Size |
5,967SF |
Sq. Ft. |
1,048 |
Water Front |
No |
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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 exclusive 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.
Listing Office: Sagan Harborside Sotheby's International Realty, Listing Agent: Lynne Breed
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Showing 1 listings
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