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261 Washington Street, Unit #1Marblehead, MA 01945Price: $999,000

  • Price: $999,000
  • 64 Days on Market
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Federal 30-year interest rate: 7.1% last updated on Apr 18, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $999,000List Price
  • 3Bathrooms
  • 0.13Acreage
  • 1,048Square Feet
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Listed by Lynne Breed of Sagan Harborside Sotheby's International Realty
Wonderful opportunity for investors! $40K+ annual revenue from tenant, 6%+ cap rate. This is a commercial condo in prime downtown location with ample off-street parking. Sale is for the first floor condo-Unit 1, building only, with exclusive right to the basement. Current tenant manages successful restaurant. This unit has been owned by same owner for past 30+ years and has always been occupied by profitable and popular restauranteurs. This would be the ideal model for the next owner. This is a two unit condo association and second unit is on second floor and is a day spa separately owned. Showings only when restaurant is not open. Well managed and well maintained condo ready for you to become the new owner today.

Property Details of 261 Washington Street, Unit #1

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