Skip To Content

--
  • --
    BEDS
  • --
    ACRES
  • --
    BATHS
  • --
    1/2 BATHS
  • --
    SQFT
  • --
    $/SQFT

Listing Details

Status
--
On Site
--
On Market
--
MLS #
--
Neighborhood
--
Type
--
Built
--
County
--
Area
--

School Ratings & Info

Listing courtesy of Lynne Breed of Sagan Harborside Sotheby's International Realty.

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 exclusive right to the basement. Current tenant manages successful Italian-style 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.

Monthly Payment Calculator



The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2021-09-18T07:12:46.647.
www.trustrealtyone.com/homes/120760589
Print Image

261 Washington Street , #1 Marblehead, MA 01945

  • Price: $615,000
  • Status: Active
  • Updated: 22 min ago
  • MLS #: 72885463
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1,048
SQFT
$587
$/SQFT
1900
Built
Neighborhood:
Other
County:
Essex
Area:
Other
Property 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 exclusive right to the basement. Current tenant manages successful Italian-style 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.
Exterior Features

Construction Frame Location DowntownFree StandingCentral Business District Parking Features 1-10 SpacesOpenImproved DrivewayPaved DrivewayOn SiteShared Parking Spaces 10 Roof Material Combination Site Condition DryLevelImproved Stories 1 Underground Tank Unknown

Interior Features

Elevator No Maf Building Sq Ft 0.00 Ref Building Sq Ft 0.00 Restrooms 3 Rsf Building Sq Ft 0.00 Sprinklers Yes Total Building Sq Ft 1048.00 Waf Building Sq Ft 0.00

Property Features

Assessed Value Building 431100.00 Assessed Value Land 0.00 Assessed Value Total 431100.00 Commercial Industrial Type Commercial Condo Condo Association Yes Disclosure No Disclosures Please Drive By First. Do Not Contact Tenant. Showings Only When Restaurant is Not Open. Easements Yes Exchange No Handicap Access No Hoa Fee 0.00 Lease No Lender Owned No Lien And Encumbent No Lot 1 Mau Units 0 Ofu Units 0 On File21 E No Reu Units 0 Rsu Units 0 Short Sale Lender App Required No Space Available For Sale Special Financing No Sublet No Tax Year 2021 Taxes 4492.06 Total Units 1 Utilities Public WaterPublic SewerNatural Gas Wau Units 0 Year Built Source Pr Zone Description Legal Conforming Zoning Br

Listing information © 2021 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Lynne Breed of Sagan Harborside Sotheby's International Realty.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2021-09-18T07:12:46.647.
 
https://bt-photos.global.ssl.fastly.net/mlspin/orig_boomver_1_72885463_1.jpg https://bt-photos.global.ssl.fastly.net/mlspin/orig_boomver_1_72885463_1.jpg https://bt-photos.global.ssl.fastly.net/mlspin/orig_boomver_1_72885463_1.jpg
Logo
Trust Realty One
20 Chestnut St Suite #1
Needham MA, 02492
Listing courtesy of Lynne Breed of Sagan Harborside Sotheby's International Realty.