261 Washington Street # 1 Marblehead, MA $ 999,000
261 Washington Street # 1
$ 999,000
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261 Washington Street # 1

Marblehead, MA, 01945
$ 999,000
Baths3.0 Sq 1,048

Monthly Estimate*

$ 6,978

261 Washington Street # 1, Marblehead, MA 01945 - Image 1
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261 Washington Street # 1, Marblehead, MA 01945 - Image 4
261 Washington Street # 1, Marblehead, MA 01945 - Image 5
261 Washington Street # 1, Marblehead, MA 01945 - Image 6
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261 Washington Street # 1, Marblehead, MA 01945 - Image 8
261 Washington Street # 1, Marblehead, MA 01945 - Image 9
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261 Washington Street # 1, Marblehead, MA 01945 - Image 11
Studio

Commercial Property for sale in Marblehead, MA

for $999,000 with 3 full baths. This 1,048 square foot building was built in 1900 on a lot size of 0.13.

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.

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Commercial Active

Price

$ 999,000

Bedrooms

Studio

Full Bath

3

Property Type

Commercial

Taxes

$ 5,255

Style

Commercial Condo

Lot Size

0.13

Year Built

1900

Town/City

Marblehead

County/Region

Essex

MLS | Web ID

73204337

List By
Lynne Breed

Listing Agent

Sagan Harborside Sotheby's International Realty

Broker

Affordability Calculator

$7,416
Per Month
94%
6%
0%
Monthly Principal & Interest
$6,978
Monthly Property Taxes
$438
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Pricing History
DatePricePrice ChangeDescription
2/21/2024$999,000 Listed Price

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261 Washington Street # 1, Marblehead, MA, 01945 is a Commercial Property for sale at $999,000 with 1,048 sqft and a lot size of 0.13. 261 Washington Street # 1 is a studio with 3.0 baths and was built in 1900. The property's zip code is 01945 which is in Marblehead, MA