MA > Marblehead
Marblehead, MA 01945,261 Washington Street ##1
Marblehead, MA 01945,261 Washington Street ##1
Marblehead, MA 01945,261 Washington Street ##1
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BHRE Brad Hutchinson Real Estate

BHRE Brad Hutchinson Real Estate

+1(781) 665-2222
$949,000
Est. payment /mo
1,048 SqFt
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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

Total Parking Spaces 10

Others

Senior Community false

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Listed by Sagan Harborside Sotheby's International Realty
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At Brad Hutchinson Real Estate, our main goal is simple: to assist buyers and sellers with making the best, most knowledgeable real estate decisions that are right for you. Whether you’re searching for houses for sale, commercial investment opportunities, or apartments for rent, our independent, committed staff is ready to assist you. We have over 60 years of experience serving clients in and around Melrose and Boston's North Shore.

+1(781) 665-2222

sales@bradhutchinson.com

193 Green Street, Melrose, Massachusetts, 02176, United States

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261 Washington Street ##1