203 Newbury St

Peabody, MA 01960
  • $350,000
  • STATUS: Active
  • MLS #: 72414391
UPDATED: 28 min ago
$350,000
  • 0
    BEDS
  • 0.83
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Business Opportunity
Built:
1979
County:
Area:

School Ratings & Info

Listing courtesy of Wayne Altavilla of Lillian Montalto Signature Properties.

Description

Excellent opportunity to have your business on busy Route 1 with great exposure to Interstate 95 traffic every day! The owner is looking to sell Sea Grilz & North Shore Lobster Market. Formerly known as the Sea Witch Restaurant & Fish Market! High visibility and great 50+ year reputation. A turnkey specialty restaurant/market ready to generate massive returns. Large parking lot with easy access off Route 1 North. Current owner is looking to retire. Long-term and flexible Ground/Absolute lease available to qualified buyer/tenant. Take advantage of an established property with a great reputation.

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing 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 or leasing. 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 set forth herein. Data last updated 2019-04-21T11:46:28.967.
www.welchmanrealestate.com/homes/88768762

203 Newbury St Peabody, MA 01960

  • Price: $350,000
  • Status: Active
  • Updated: 28 min ago
  • MLS #: 72414391
0
Beds
0
Baths
0
½ Baths
0.83
Acres
1979
Built
Neighborhood:
Other
County:
Essex
Area:
Other
Property Description
Excellent opportunity to have your business on busy Route 1 with great exposure to Interstate 95 traffic every day! The owner is looking to sell Sea Grilz & North Shore Lobster Market. Formerly known as the Sea Witch Restaurant & Fish Market! High visibility and great 50+ year reputation. A turnkey specialty restaurant/market ready to generate massive returns. Large parking lot with easy access off Route 1 North. Current owner is looking to retire. Long-term and flexible Ground/Absolute lease available to qualified buyer/tenant. Take advantage of an established property with a great reputation.
Exterior Features

Building Construction BrickFrame Location UrbanFree StandingHighway AccessCentral Business District Parking Spaces 25

Interior Features

Basement No Elevator No Facilities KitchenOffice Restrooms 2 Total Building Sq Ft 5400.00

Property Features

Business Hours 10-7 Business Opportunity Type Restaurant W/Liquor Disclosure Yes Disclosures Taxes 20992.58 Per YearInsurance 4000 Per Year. Lobster Market License Transferable With New Owner. Real Estate Not includedlease 12000/Month +Nnn. Beer & Wine Only. Traffic CountDemographics& Ring Study Available Upon Request. Documents On File Site PlanInvestment AnalysisTax ReturnOwner ProvidedLease Agreement Equipment List Available Yes Exclusions Billboard Rights Not included in Transaction. Business Sale/Land Lease Only. Gross Annual Income 1700000.00 Net Operating Income 500000.00 Owner Training Yes Real Estate Included No Reason For Sale RetirementPersonal Special Financing No Special Licenses Yes System TelephoneSecurityWet Sprinkler Tenant Expenses HeatAir ConditioningElectricSewerWaterInsuranceTrash ServiceSnow Removal Terms Lease Utilities Public WaterPublic SewerBottled Gas Zone Description Legal Conforming Zoning Br

Listing information © 2019 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Wayne Altavilla of Lillian Montalto Signature Properties.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing 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 or leasing. 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 set forth herein. Data last updated 2019-04-21T11:46:28.967.
 
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Listing courtesy of Wayne Altavilla of Lillian Montalto Signature Properties.