Marblehead, MA 01945,261-1 Washington Street
Marblehead, MA 01945,261-1 Washington Street
Marblehead, MA 01945,261-1 Washington Street
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$949,000
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261-1 Washington Street Marblehead, MA 01945

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UPDATED:

10/11/2024 07:05 AM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 73261361

Year Built 1900

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 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.

Location

State MA

County Essex

Zoning BR

Direction 114 East to Lafayette St. to Pleasant St. to Washington St.-just before Atlantic Avenue intersection

Exterior

Utilities Available Public Water, Public Sewer, Natural Gas Available

Others

Senior Community false


Listed by Sagan Harborside Sotheby's International Realty

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Nancy Cassano

Sales Associate | License ID: 9538872

+1(508) 954-3420

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