42.5864 -70.96612

0 Newbury Danvers, MA 01923

240539553 42.5864 -70.96612 2290 /listing/240539553-150202346/0-newbury-danvers-ma-01923 False 0 495000.0 107 72505299 False
  • $495,000
  • 0.89 lot
  • Est payment $2657.27/mo

Property & Neighborhood Info

Courtesy Of Dennis Serpone, New England Restaurant Brokers

Business Opportunity in Danvers

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

Courtesy Of Dennis Serpone, New England Restaurant Brokers
  1. 0.89 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1969
  • County: Essex
  • Taxes: $21.19
  • Tax Year: 2019
  • Zoning: HC
  • MLS Number:72505299

Additional Features

  • Roof:
    • Asphalt/Fiberglass Shingles
  • Parking:
    • Open
    • Paved Driveway
  • Utilities:
    • Public Water
  • Net Operating Income:
    • 300000.00
  • CDOM:
    • 90
  • Lot Size Acres:
    • 0.89
  • Lot Size Square Feet:
    • 60000.00
Neighborhood info courtesy of Homes.com © 2019

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Del Realty Inc.
Del Realty Inc.
(800) 317-7272
104 High Street Danvers MA 01923
no name available Del Realty Inc.
Let us help you!
42.5864 -70.96612

0 Newbury Danvers, MA 01923

240539553 42.5864 -70.96612 2290 /listing/240539553-150202346/0-newbury-danvers-ma-01923 False 0 495000.0 107 72505299 False
  • $495,000
  • 0.89 lot
  • Est payment $2657.27/mo