Boston Luxury Condos and Apartments
355 Boylston St / (617) 233-5800

261 Washington Street- Unit 1 ##1

Marblehead, MA ID #73240928

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261 Washington Street- Unit 1 ##1

- Marblehead, MA ID #73240928

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.

Additional Details

  • Status: ACT
  • Zip Code: 01945
  • Taxes: 5,256
  • Acres: 0.13
  • Selling Broker Compensation: 1.5%
  • Buying Broker Compensation: 2.0%

Parking

  • Parking Spaces: 10

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261 Washington Street- Unit 1 ##1, Marblehead, MA

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The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Lynne Breed of Sagan Harborside Sotheby's International Realty. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.