203 Newbury St, Peabody, Massachusetts 01960

$499,900
List Price
$499,900
MLS#
72414391
Lot Size
36,028
County
Essex
Year Built
1979
Status
ACTIVE

Property Description

Excellent opportunity to have your business on busy Route 1 with great exposure to Interstate 95 traffic every day! The owner is looking to sell Sea Grilz & North Shore Lobster Market. Formerly known as the Sea Witch Restaurant & Fish Market! High visibility and great 50+ year reputation. A turnkey specialty restaurant/market ready to generate massive returns. Large parking lot with easy access off Route 1 North. Current owner is looking to retire. Long-term and flexible Ground/Absolute lease available to qualified buyer/tenant. Take advantage of an established property with a great reputation.

Additional Information

Days on Market
48
Disclosures
Taxes 20,992.58 per year, Insurance 4,000 per year. Lobster Market License transferable with new owner. Real estate not included, lease 12,000/month +NNN. Beer & Wine Only. Traffic Count, Demographics, & Ring Study available upon request.

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Listing courtesy of Lillian Montalto Signature.

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