$949,000
261 Washington Street ##1 Marblehead, MA 01945
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$949,000
Est. payment /mo
1,048 SqFt
UPDATED:
10/11/2024 07:05 AM
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
HOA Y/N true
Year Built 1900
Annual Tax Amount $5,255
Tax Year 2024
Lot Size 5,662 Sqft
Acres 0.13
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
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
Total Parking Spaces 10
Others
Senior Community false
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Listed by Sagan Harborside Sotheby's International Realty
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Jim Armstrong
Team Leader/Broker Associate | License ID: 9074205
Team Leader/Broker Associate License ID: 9074205