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261-1 Washington Street Marblehead MA 01945 MLS #73261361

261-1 Washington Street
Marblehead, MA 01945
$999,000
Beds
3 Baths
1,048 SqFt

Date Available
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$999,000
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 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 #:
73261361
Status:
Active
Beds:
0
Baths:
3
Address:
261-1 Washington Street
Type:
Business
City:
Marblehead
Listed Date:
Jul 8, 2024
State:
MA
Finished Sq Ft:
1,048
ZIP:
01945
Year Built:
1900

Schools

Interior

Exterior

Construction Materials
Brick, Frame, Subdivided

Financial

Buyer Agent Compensation
2.0%%
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Map

261-1 Washington Street
Marblehead, MA