Restaurant with R.E. and Rental Income - Booming Boston Neighborhood

Suffolk County, MA

Restaurant with R.E. and Rental Income - Booming Boston Neighborhood
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Asking Price: $2,300,000

Gross Revenue: $250,000

Price/Sq. Ft.: N/A

NOI: N/A

Building SF: N/A

FF&E: N/A

Year Built: N/A

Restaurant with R.E. and Rental Income - Booming Boston Neighborhood

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Property Description

Restaurant with Real Estate and residential rental Income in booming Boston neighborhood. This is a prime location with the potential to add more residential units. The site is located right next to Wholefoods and has strong demographics. The restaurant could be converted to suit many concepts.

FACILITY: Free-Standing Building with a Restaurant & 3 Residential 2-bedroom
units
PARKING: Street Parking
EQUIPMENT: The equipment is in excellent condition and has been well maintained.
LEASE TERM: If not purchased there would be a new 5 year lease
BASE RENT: If not purchased the rent would be $5,000 NNN
CONCEPT: Breakfast & Lunch Restaurant
SIZE: Lot Size: 4,013 sq. fit. – Living Area: 3,150 sq. ft. – Gross Tax: $9,470
SEATS: 78 restaurant seats
HOURS: Open Breakfast & Lunch 6 days a week
LICENSES: C.V.
SALES: $250,000 per year

RENTAL INCOME: Residential Income $6,000 per month (substantially below market
rents) Plus the restaurant rent
ASKING PRICE: $125,000 (For the Business) $2,300,000 (For Business + RE)

Detailed Information

Location:
Suffolk County, MA
Type:
Retail
Building Status:
Established
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Todd Smith

Property Listed By:
Todd Smith

Corbett Restaurant Group

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