Marblehead MA Commercial for Sale
- Type:
- Business Opportunities
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.14 Acres
- Year built:
- 1900
- Baths:
- MLS#:
- 73261361
ADDITIONAL INFORMATION
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.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.13 Acres
- Year built:
- 1900
- Baths:
- 3.00
- MLS#:
- 73261358
ADDITIONAL INFORMATION
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.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1900
- Baths:
- 2.00
- MLS#:
- 73243364
ADDITIONAL INFORMATION
Prime Downtown Marblehead Location.On-going restaurant operation has exercised option to extend current net lease. Great Tenant. Solid income. (Lease Terms and income numbers upon request.) Tenant pays property taxes and building insurance in addition to base rent. Subject property maintains exclusive ownership and use of paved driveway. The building has been well maintained. Improvements include newer rubber membrane roof, newer heat and air conditioning. Open interior floor plan with high ceilings. 1 Handicap accessible bathroom. High traffic count, solid neighboring retail and office space.`Purchase is for the Building only. On going Restaurant Business not included in purchase. Subject property retains 54% interest in the condominium that includes 112 Pleasant St. (currently "Worldly Pets").
The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein. Copyright © 2024 MLS Property Information Network, Inc. All rights reserved.
Marblehead Real Estate
The median home value in Marblehead, MA is $1,050,000. This is higher than the county median home value of $572,900. The national median home value is $338,100. The average price of homes sold in Marblehead, MA is $1,050,000. Approximately 74.93% of Marblehead homes are owned, compared to 17.42% rented, while 7.65% are vacant. Marblehead real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Marblehead real estate agent to arrange a tour today!
Marblehead, Massachusetts has a population of 20,397. Marblehead is more family-centric than the surrounding county with 36.73% of the households containing married families with children. The county average for households married with children is 30.06%.
The median household income in Marblehead, Massachusetts is $154,049. The median household income for the surrounding county is $86,684 compared to the national median of $69,021. The median age of people living in Marblehead is 48.1 years.
Marblehead Weather
The average high temperature in July is 79.9 degrees, with an average low temperature in January of 18.2 degrees. The average rainfall is approximately 47.3 inches per year, with 41.8 inches of snow per year.