$999,000

Est. Mortgage $5,184/mo *

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261 Washington Street, Marblehead, MA, 01945

261 Washington Street, Marblehead, MA, 01945
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1900

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.

Status:

Active

Type:

Commercial

Zoning:

BR

Construction

Brick, Frame, Subdivided

Utilities

Public Water, Public Sewer, Natural Gas Available

MLS #:

73229943

Buyer Agent Compensation:

2.0%%

Facilitator Compensation:

1.5%%

Community Info

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