$7,900

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969 Main Street, Wakefield, (Greenwood), MA, 01880

969 Main Street, Wakefield, (Greenwood), MA, 01880
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2014

FULLY BUILT OUT RESTAURANT AND BAR IN THE GREENWOOD SECTION OF WAKEFIELD - MELROSE LINE, STONEHAM LINE AND SAUGUS LINE.A MUST SEE FOR A SECOND LOCATIONS THE BUILDING OUT WAS VERY EXPENSIVE WHEN COMPLETED. THE RENT IS $7,903.56 NNN - WHICH WILL WORK OUT TO ABOUT $10,000 +/- TOTAL PER MONTH. THE EQUIPMENT IS OWNED BY THE BANK ON A UCC BUT CAN BE PURCHASED FOR PENNIES ON THE DOLLAR. THE BUILD OUT IS OWNED BY THE LANDLORD AND WOULD NEED TO BE PURCHASED ON THE LEASE SIGNING FOR $100,000.00 OR IF THE LEASE AND BUSINESS IS EVER SOLD FOR A BUYOUT OF $150,000.00. IF IT IS NEVER SOLD THERE WILL BE NO PAYMENT DUE.HUGE VALUE IN A GREAT AREA WITH AMAZING DEMOGRAPHICS

Status:

Active

Town:

Wakefield

Type:

Commercial Lease

Zoning:

COM

Acreage:

1.84

Utilities

Public Water, Natural Gas Available, 220 Volts, Fiber Optic

MLS #:

73456461

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Listing courtesy of Michael Casoli, MAC Real Estate 781-727-1568