261 Washington Street- Unit 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 TypeCommercial
- NeighborhoodN/A
- CountyEssex
- Taxes$5,255
- HOA/Condo/Coop Fees$0
- Days on Site25 Days
- MLS StatusActive
- MLS ID Number73240928
- Home Size Source N/A
- Year Built1900
- Lot Size0.13 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Spaces 10
- Acreage 0.13
- Zoning BR
- Utilities Natural Gas Available
- Buyer Agent Compensation 2.0%
- Facilitator Compensation 1.5%
Exterior Features
- Waterfront Property No
Community Features
- Association Amenities Parking
- Senior Community No
- Adult Care Community No