203 Newbury StreetPeabody, MA 01960MLS Number 72414391

  • Price: $350,000
  • 211 Days on Market
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Federal 30-year interest rate: 4.07% last updated on May 16, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 1979Year Built

Driving Directions

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.

Listed by Wayne Altavilla of Lillian Montalto Signature Properties

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More Info

Parking

  • Parking Spaces25

Building

  • Year Built1979
  • Building ConstructionBrick, Frame
  • Building Square Feet5400
  • Equip Listing AvailYes
  • No of Restrooms2
  • Entry OnlyNo
  • ElevatorNo
  • FacilitiesKitchen, Office
  • BasementNo

Utilities

  • UtilitiesPublic Water, Public Sewer, Bottled Gas

Other

  • Owner TrainingYes
  • Special FinancingNo
  • DirectionNewbury St is Rte 1
  • DISCLOSUREYes
  • Sub Agency OfferedNo
  • SystemTelephone, Security, Wet Sprinkler
  • DISCLOSURESTaxes 20,992.58 per year, Insurance 4,000 per year. Lobster Market License transferable with new owner. Real estate not included, lease 12,000/month +NNN. Beer & Wine Only. Traffic Count, Demographics, & Ring Study available upon request.
  • Main LoG62122
  • ExclusionsBillboard rights not included in transaction. Business sale/land lease only.
  • Real Estate IncludedNo
  • Reason for SellRetirement, Personal
  • View Count14

Basic Information

  • Virtual TourClick Here
  • Date Listed10/23/2018
  • StatusACT
  • Modification Date2019-02-15T09:17:00
  • Property TypeRestaurant w/Liquor
  • Status Date2019-01-10T16:27:00
  • List Price$350,000
  • Tenant ExpensesHeat, Air Conditioning, Electric, Sewer, Water, Insurance, Trash Service, Snow Removal
  • Original Price499900
  • MLS Number72414391

Location

  • Building Number203
  • LocationUrban, Free Standing, Highway Access, Central Business District
  • Street No203
  • StreetNewbury Street
  • TownPeabody
  • StateMA
  • Zip01960
  • CountyEssex

Property

  • Net Operating Inc500000
  • Business Hours10-7
  • Gross Annual Income1700000
  • Lot Size36028

Photos

  • Photo Date2019-02-14T15:42:00
  • Number of Photos25
CENTURY 21  Advance Realty
CENTURY 21 Advance Realty
Office: 781-395-2121
284 Salem Street
Medford, MA 02155

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.

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