$999,000

Est. Mortgage $5,250/mo *

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261 Washington Street, ##1, Marblehead, MA, 01945

261 Washington Street, ##1, Marblehead, MA, 01945
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1900

1,048 sqft

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.

Status:

Active

Type:

Commercial

Zoning:

BR

Frontage:

66.00

Parking:

10-car

Acreage:

0.13

Est. Taxes:

$5,256

Utilities

Public Water, Public Sewer, Natural Gas Available

MLS #:

73204337

Buyer Agent Compensation:

2.0%%

Facilitator Compensation:

1.5%%

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Lynne Breed, Sagan Harborside Sotheby's International Realty Phone: 781-631-8800