$ 949,000
261-1 Washington Street Marblehead, MA 01945
Schedule a Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 949,000
Est. payment /mo
Active
261-1 Washington Street Marblehead, MA 01945
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
Waterfront false
Others
Senior Community false
Listed by Sagan Harborside Sotheby's International Realty
GET MORE INFORMATION
QUICK SEARCH
- Homes For Sale in Acton, MA
- Homes For Sale in Arlington, MA
- Homes For Sale in Ashland, MA
- Homes For Sale in Attleboro, MA
- Homes For Sale in Belmont, MA
- Homes For Sale in Billerica, MA
- Homes For Sale in Boston, MA
- Homes For Sale in Braintree, MA
- Homes For Sale in Brookline, MA
- Homes For Sale in Burlington, MA
- Homes For Sale in Framingham
- Homes For Sale in Cambridge, MA
- Homes For Sale in Chelsea, MA
- Homes For Sale in Hopkinton, MA
- Homes For Sale in Lincoln, MA
- Homes For Sale in Malden, MA
- Homes For Sale in Medford, MA
- Homes For Sale in Melrose, MA
- Homes For Sale in Milton, MA
- Homes For Sale in Needham, MA
- Homes For Sale in Natick, MA
- Homes For Sale in Newton, MA
- Homes For Sale in Reading, MA
- Homes For Sale in Saugus, MA
- Homes For Sale in Salem, MA
- Homes For Sale in Sharon, MA
- Homes For Sale in Somerville, MA
- Homes For Sale in Stoneham, MA
- Homes For Sale in Sudbury, MA
- Homes For Sale in Quincy, MA
- Homes For Sale in Waltham, MA
- Homes For Sale in Watertown, MA
- Homes For Sale in Wayland, MA
- Homes For Sale in Weymouth, MA
- Homes For Sale in Wellesley, MA
- Homes For Sale in Weston, MA