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MLS® ID: 72505299

0 Newbury

Danvers, Massachusetts, 01923

$495,000 Active
  • - SQFT
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
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Listing courtesy of New England Restaurant Brokers

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    01923
  • Office name
    New England Restaurant Brokers
  • SQFT
    0
  • Bedrooms
    0
  • Property type
    Business Opportunity
  • Zoning type
    HC
  • Year built
    1969
  • Tax year
    2019
  • Agent name
    Dennis Serpone
  • Tax amount
    $ 21.19
  • Purchase Type
    Active
  • Price Range
    $400k-$500k
  • Square Feet Range
    < 1000 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    18800

Location

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