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$999,000
66 Days Online
261 Washington Street ##1Marblehead, MA 01945
For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths
1,048
SqFt
$953
/SqFt
1900
Built
County:
Essex
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Monthly Payment (Est.)
$4,558Calculator powered by Showcase IDX. Copyright ©2024 Information is deemed reliable but not guaranteed.
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.
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Listing Snapshot
Price
$999,000
Days Online
66 Days
Bedrooms
N/A
Inside Area (SqFt)
1,048 sqft
Total Baths
3
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.13 Acres
Year Built
1900
MLS® Number
73204337
Status
Active
Property Tax
$5,255
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 2 months ago | Listing updated with changes from the MLS® | |
| 2 months ago | Listing first seen online |
General Features
Parking Spaces
10
Acreage
0.13
Zoning
BR
Utilities
Natural Gas Available
Buyer Agent Compensation
2.0%
Facilitator Compensation
1.5%
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Exterior Features
Waterfront Property
No
Community Features
Senior Community
No
Adult Care Community
No
Listing courtesy of Lynne Breed of Sagan Harborside Sotheby's International Realty
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting 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, leasing or renting. 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, or as to the accuracy of any of the Images, set forth herein.
Data Last Updated at 2024-04-28 04:25 AM UTC
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting 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, leasing or renting. 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, or as to the accuracy of any of the Images, set forth herein.
Data Last Updated at 2024-04-28 04:25 AM UTC
Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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