261 Washington Street ##1 Active

Marblehead,MA 01945

$ 949000

- Bed

- Bath

1048 SqFt


Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 1,048 sqft

Price per Sqft $905

MLS Listing ID 73261358

Year Built 1900

Annual Tax Amount $5,255

Tax Year 2024

Lot Size 5,662 Sqft

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 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.

Location

State MA

County Essex

Zoning BR

Exterior

Utilities Available Public Water,Public Sewer,Natural Gas Available

Waterfront false

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