Bar & Burger with Real Estate - Somerville

Somerville, MA (Middlesex County)

Bar & Burger with Real Estate - Somerville
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Asking Price: $1,475,000

Gross Revenue: $1,501,792

Price/Sq. Ft.: N/A

NOI: N/A

Building SF: N/A

FF&E: N/A

Year Built: N/A

Bar & Burger with Real Estate - Somerville

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Property Description

This is a great opportunity to purchase a Bar & Burger joint with Real Estate. This site has a history of success along and is primed for Real Estate development. This restaurant site has many years of success and is located in a densely populated part of Somerville. With a full liquor license and weekly sales of $30,000 per week this site is a great conversion opportunity for several different concepts! (The name is not included in the sale.) This is a developable lot that can go up several stories and it is a very bankable deal.

FACILITY: Freestanding Building
PARKING: Street Parking Available
EQUIPMENT: The equipment is in excellent condition and has been well maintained.
LEASE TERM: New long-term lease
BASE RENT: $4,500 NNN
CONCEPT: Bar & Burger Joint
SIZE: 2,601 square feet
SEATS: 67 seats
HOURS: Open daily 11a-11p
LICENSES: Full Liquor License (1:00 am)
R.E. VALUE: The Real Estate is valued at $1.5mm and the 3 bedroom apartment
generates $2,500 per month in rent
SALES: $1,501,792 per year

Detailed Information

Location:
Somerville, MA
Type:
Other Business Real Estate
Building Status:
Established
Current and Prior Use:
Restaurant with Residential Unit
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(from currently available funds)
 
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Todd Smith

Property Listed By:
Todd Smith

Corbett Restaurant Group

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