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Restaurant Space For Lease

Salem, MA (Essex County)

Restaurant Space For Lease
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Restaurant Space For Lease

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Business Description

Located in the Puleo's Dairy production building, there is a restaurant space available for lease. The space also features a drive-through window. The restaurant space would require the tenant to make improvements to the space to fit their concept.

ADDRESS: 376 Highland Avenue (Route 107), Salem, Massachusetts 01970

LOCATION: Free-standing building with on-site parking and strong signage and street exposure. The average daily traffic count is approximately 32,000.

PROPERTY: The restaurant space is in a single-story brick building, built in 1941. There is ample parking and a drive-thru. The property is 0.849 acres and zoned as B2. The space has a dining area, an open kitchen and a dairy production room.

SPACE The restaurant space is approximately 1,996 square feet and consists of an open kitchen area, dining area, production area, office, and two restrooms. Should the tenant have an interest in the entire building, including the dairy production facility (1,864 sf), the total square footage is approximately 3,860 square feet.

PARKING: There is ample on-site parking available.

SEATING: The restaurant is licensed for 48 patrons. There may be additional seating available.

CONCEPT: Functional layout and design for either a full service restaurant or a casual theme concept.

LICENSES: The tenant would need to apply for a liquor license.

LEASE: The landlord will negotiate a long term lease for a qualified tenant.

BASE RENT: The asking rent for the restaurant space is $3,000 per month, plus NNN / $36,000 annual, NNN. The asking rent for the entire building is $5,800 per month, plus NNN / $69,600 annual, NNN

R.E. TAXES: The real estate taxes are approximately $1,450 per month.

SERVICES: The site currently has Propane, but there is a gas line that could be hooked-up, The electricity is 3-Phase, 400 AMP, service.

COMMENTS: The landlord will consider leasing the property and adjacent property, a total of 45,000 sf.

Information is from sources that we deem reliable. No representation is made as to the accuracy of any information provided. Offering is subject to prior sale, lease, or withdrawal without notice or change in prices and conditions.

Detailed Information

Location:
Salem, MA
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(from currently available funds)
 
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Heather Perkins

Business Listed By:
Heather Perkins

The Boston Restaurant Group Inc.

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