203 Newbury StreetPeabody, MA 01960MLS Number 72414391

  • Price: $350,000
  • 211 Days on Market
$/month over payments
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 Spaces25


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


  • UtilitiesPublic Water, Public Sewer, Bottled Gas


  • Owner TrainingYes
  • Special FinancingNo
  • DirectionNewbury St is Rte 1
  • 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


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


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


  • 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

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