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listing
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CommercialFor Sale
$949,000
261 Washington Street #1
Marblehead, MA 01945
Courtesy of Sagan Harborside Sotheby's International Realty - Lynne Breed
MLS Property Information Network
3Baths
1,048Sq Ft
Est. Mortgage
$4,999/mo

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.

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Information courtesy of Sagan Harborside Sotheby's International Realty is subject to verification and is not guaranteed.
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