NewburyBoston, MA 02116MLS Number 72492971

  • Price: $99,500
  • 21 Days on Market
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Federal 30-year interest rate: 4.07% last updated on May 16, 2019
* 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.
  • 2016Year Built

An exclusive opportunity to own a restaurant with high visibility on the coveted Newbury St. Currently operating as a Sushi restaurant, this location is ideal for any concept that does not require a hood (although a hood can be installed if needed). It's an easy to manage space that will be busy year round. The restaurant itself features 27 seats inside and 16 seats on its street level outdoor patio. Particularly appealing are the small upfront costs; the beer/wine license is currently rented from the landlord at a rate of $6,800/yr and does not require a purchase or a license transfer from the city. This can be a seamless transition. Low overhead and competitive lease terms of approx. $13,000 NNN/month make this an extremely desirable opportunity to own a restaurant in the highest traffic area of Boston. Landlord is open to negotiating a lease extension. FFE of $50,000 (estimated). Beer/Wine license leased. Buyer to do own diligence.

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J Barrett & Company - Marblehead Office
J Barrett & Company - Marblehead Office
56 Atlantic Ave
Marblehead, MA 01945
Listed by Dariusz Zywina of Red Spade Realty LLC

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