Famous South Shore Italian Restaurant – With Real Estate

Norfolk County, MA

Famous South Shore Italian Restaurant – With Real Estate
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Asking Price: $2,200,000

Gross Revenue: $2,000,000

Price/Sq. Ft.: N/A

NOI: $240,000

Building SF: N/A

FF&E: N/A

Year Built: N/A

Famous South Shore Italian Restaurant – With Real Estate

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Property Description

This long-standing Italian Family Style Restaurant is for sale — building/ business and property. Located in the heart of the South Shore’s largest towns, which abuts a community/town who has been recognized by the Department of Revenue as the highest family income in the Commonwealth of Massachusetts. This property has housed a restaurant dating back to 1920– has been updated and renovated over the years. Having been operated by this family for 4 generations makes it an institution in the community for many reasons. Everyone knows this restaurant as it is truly the fabric of this community. If ever there was another establishment with a “Cheers Bar” experience where “everyone knows your name” it’s here. What this restaurant needs is your expertise— new ideas, continued support of the community, and a good heart. Also, the property includes a building next to the restaurant. The property also has opportunities for further development as a train station is just down the street. Call for a showing as this opportunity won’t last!

FACILITY: Freestanding building – Real Estate assessed at $1.7MM
PARKING: 60 parking spots in dedicated lot plus street parking
EQUIPMENT: The equipment is in excellent condition and has been well maintained.
LEASE TERM: Real Estate is included with the sale
BASE RENT: Real Estate is included with the sale
CONCEPT: Italian Restaurant
SIZE: 8110 sf and adjoining building is 3,069 sf. The property is 24,500 sq.ft.
SEATS: Capacity for 181
HOURS: Open daily – early opening on Sat & Sun
LICENSES: Full Liquor License
SALES: Over $2MM per year
CASH FLOW: $240,000

ASKING PRICE: $2,200,000 (For the Business + RE)

Detailed Information

Location:
Norfolk County, MA
Type:
Other Business Real Estate
Building Status:
Established
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Todd Smith

Property Listed By:
Todd Smith

Corbett Restaurant Group

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