261 Washington Street #1Marblehead, MA 01945
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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.
| 2 months ago | Listing updated with changes from the MLS® | |
| 2 months ago | Price changed to $949,000 | |
| 2 months ago | Status changed to Active | |
| 5 months ago | Listing first seen on site |
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Data Last Updated at 2024-10-30 12:00 AM UTC
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