NewburyBoston, MA 02116MLS Number 72492971

  • Price: $99,500
  • 20 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.
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  • 2016Year Built

Driving Directions

An exclusive opportunity to own a restaurant with high visibility on the coveted Newbury St. Currently operating as a Sushi restaurant, this location is ideal for any concept that does not require a hood (although a hood can be installed if needed). It's an easy to manage space that will be busy year round. The restaurant itself features 27 seats inside and 16 seats on its street level outdoor patio. Particularly appealing are the small upfront costs; the beer/wine license is currently rented from the landlord at a rate of $6,800/yr and does not require a purchase or a license transfer from the city. This can be a seamless transition. Low overhead and competitive lease terms of approx. $13,000 NNN/month make this an extremely desirable opportunity to own a restaurant in the highest traffic area of Boston. Landlord is open to negotiating a lease extension. FFE of $50,000 (estimated). Beer/Wine license leased. Buyer to do own diligence.

Listed by Dariusz Zywina of Red Spade Realty LLC

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More Info

Parking

  • Parking Spaces

Building

  • Year Built2016
  • Building Square Feet2000
  • Equip Listing AvailYes
  • No of Restrooms2
  • Entry OnlyNo
  • ElevatorNo
  • BasementNo

Other

  • Owner TrainingNo
  • Special FinancingNo
  • Inventory AvailNo
  • DirectionNewbury St.
  • DISCLOSUREYes
  • Sub Agency OfferedNo
  • DISCLOSURESFFE Estimated. Beer/Wine license leased. Buyer to do own diligence.
  • Main LoAN5186
  • ExclusionsLiquor License
  • Real Estate IncludedNo
  • Reason for SellRetirement
  • View Count2

Basic Information

  • Date Listed05/02/2019
  • StatusACT
  • Modification Date2019-05-10T11:37:00
  • Property TypeRestaurant w/out Liquor
  • Status Date2019-05-02T16:16:00
  • List Price$99,500
  • Original Price99500
  • MLS Number72492971

Location

  • LocationDowntown, Strip, Historic, Public Transportation, Neighborhood
  • StreetNewbury
  • TownBoston
  • StateMA
  • Zip02116
  • CountySuffolk

Property

  • Gross Annual Income620000
  • Lot Size2000

Photos

  • Photo Date2019-05-02T16:16:00
  • Number of Photos1
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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