Listing photo for 261 Washington Street #1, Marblehead, MA

261 Washington Street #1,

Marblehead, MA

$599,000

2,700 Sqft
0.40 Acres

Sale is for a first floor condo (unit 1y, building only not business) with exclusive right to basement in a two condo commercial building. Second floor is a spa separately owned. Unit 1 is currently leased to award-winning restaurant. Unit 1 has been owned by same owner for past 30 years has always been occupied by successful Italian-style restaurants, which would be the ideal concept for the end user. Potential buyer will inherit full build-out restaurant and full liquor license. Over 40K annual revenue, 6.75% cap.

Facts & Features
MLS® # 72815976
Price $599,000
Square Footage 2,700
Acres 0.40
Type Income/Multi Family
Sub-Type Commercial
Status Active
Annual Taxes $4,100
Community Information
Address 261 Washington Street #1
City Marblehead
County Essex
State MA
Zip Code 01945
Amenities
Parking Spaces 10
Parking Shared
Additional Information
Foreclosure No

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