$999,000
261 Washington Street # 1
Marblehead, MA, 01945
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.
Property Details
Price:
$999,000
MLS #:
73261358
Status:
Active
Beds:
0
Baths:
3
Address:
261 Washington Street # 1
Type:
Commercial
City:
Marblehead
Listed Date:
Jul 8, 2024
State:
MA
Finished Sq Ft:
1,048
Total Sq Ft:
1,048
ZIP:
01945
Lot Size:
5,967 sqft / 0.13 acres (approx)
Year Built:
1900
Schools
Interior
Exterior
Parking Spots
10
Financial
HOA Includes
Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash
Tax Year
2024
Taxes
$5,256
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Courtesy of Sagan Harborside Sotheby’s International Realty. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
261 Washington Street # 1
Marblehead, MA
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