Commercial for Sale: 261 Washington Street ##1, Marblehead, MA 01945

1,048 sqft
$949,000
$949,000
261 Washington Street ##1, Marblehead, MA 01945
1,048 sqft
$949,000
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Price:
$949,000
$50,000 - 10/07/2024

Type Commercial
Square Feet 1,048 sqft
Lot Size 0.14 acres
Year Built 1900

City Marblehead
County Essex

MLS 73261358
Status Active
DOM 164 days
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.

Lot & Building Features

Tax Year 2024
Taxes Paid $5,255

Price History of 261 Washington Street, Marblehead, MA

Date Name Price Difference
10/07/2024 Price Adjustment $949,000 5.01%
07/08/2024 Listing Price $999,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 261 Washington Street, Marblehead, MA

Location Map Street View
Photo of Joe Lessard
Direct: 603-490-1387
Office
PO Box 101
Merrimack, NH 03054
603-787-3155
Listed by Sagan Harborside Sotheby's International Realty, Lynne Breed
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261 Washington Street (MLS #73261358) is a commercial listing located in Marblehead, MA. This commercial listing is 1,048 sqft and on a lot of 5,967 sqft (or 0.14 acres) and is 124 years old. This property was listed on 07/08/2024 and has been priced for sale at $949,000.

Nearby zip codes are 01905, 01907, 01915, 01960 and 01970. This property neighbors other cities such as Beverly, Danvers, Peabody, Salem and Swampscott.

MLS PIN

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Sagan Harborside Sotheby's International Realty

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.