NewburyDanvers, MA 01923MLS Number 72505299

  • Price: $495,000
  • 94 Days on Market
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Federal 30-year interest rate: 3.55% last updated on Aug 22, 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.
  • 0.89Acreage
  • 1969Year Built

Driving Directions

Route 1- Only $11. Sq. ft.....PRICED TO SELL-$300K+ Profit Prominent Full Service Restaurant/Pub/Function Facility successful for 49 years- Busy Major highway, Traffic Count 41,000 VPD, Parking Lot w 82+ spaces. 49 years in a successful business! SELLING PRICE: $495,000 $125,000 down 1st Option on Real Estate-Total Package: $2.5M SALES VOLUME: $35,000 wk. average Gross Sales LEASE: $10,000 a month (approx. 6 ½ Rent Ratio or about $11. Sq. ft.) & NNN SQUARE FOOTAGE: 2 floors-5745 sq. ft. each (11,000+ sq. ft.) including Lounge, 3 function rooms, fully sprinkled,HC accessible HOURS: Mon-Sat 8a.m. to 1 a.m., Sunday 11 a.m.-1 a.m. (legal hours) SEATING D.R.-80 Seats ,BarArea: 61 Seats,Large Function Room 150 seats (rated for 200 seat), 2 smaller-40-80 seats each, Patio seating >>PROPERTY TYPE: Highway/Commercial (HC), Free Standing Building PROPERTY SUB-TYPE: Comm/ Rest/Other LOT SIZE:1 ½ acres approx.YEAR BUILT: 1969 Commercial Tax Rate: $21.19

Listed by Dennis Serpone of New England Restaurant Brokers

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More Info

Parking

  • Parking Spaces82

Building

  • Year Built1969
  • Building Square Feet11000
  • Entry OnlyNo
  • ElevatorYes
  • FacilitiesKitchen
  • BasementNo

Basic Information

  • Date Listed05/23/2019
  • StatusACT
  • Modification Date2019-08-10T00:37:00
  • Property TypeRestaurant w/Liquor
  • Status Date2019-08-05T14:09:00
  • List Price$495,000
  • Tenant ExpensesTaxes, Heat, Air Conditioning, Electric, Water, Insurance, Snow Removal
  • Original Price2700000
  • MLS Number72505299

Photos

  • Photo Date2019-08-05T14:12:00
  • Number of Photos1

Location

  • LocationInterstate, Highway Access
  • StreetNewbury
  • TownDanvers
  • StateMA
  • Zip01923
  • CountyEssex

Property

  • Acreage0.89
  • Net Operating Inc300000
  • Gross Annual Income180000
  • Lot Size60000
  • Handicap AccessYes

Other

  • Owner TrainingYes
  • Special FinancingYes
  • Inventory AvailNo
  • DirectionRoute 1 south Danvers, Ma.
  • DISCLOSURENo
  • Sub Agency OfferedNo
  • Book7265
  • Page281
  • Parcel Number040 082
  • Main LoAC1800
  • Reason for SellRetirement
  • View Count5
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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