$575,000
$650,000
11.5%For more information regarding the value of a property, please contact us for a free consultation.
5,197 SqFt
SOLD DATE : 11/14/2018
Key Details
Sold Price $575,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 5,197 sqft
Price per Sqft $110
MLS Listing ID 72346370
Sold Date 11/14/18
Year Built 1950
Annual Tax Amount $10,815
Tax Year 2018
Lot Size 0.820 Acres
Acres 0.82
Property Description
Offered for sale is this mixed-use property situated directly on busy Route 110 in Amesbury, MA. Property only, business is not included in the sale. The commercially zoned 5,197sf property consists of a restaurant, Route 110 Roast Beef, (3,305sf plus a 781sf deck & porch) and a 1,892sf 3 bedroom single family home. The restaurant tenant has a favorable NNN lease through 2020, with one five year option to renew. The home has a lower level with a separate entry that may be able to be used as a separate apartment or commercial office space. Amesbury is presently experiencing commercial growth, and the newly constructed The Heights Amesbury apartment complex is approximately an eighth of a mile away on Route 110. According to the MA DOT, traffic count is 6,918 vehicles per day in 2017. Please DO NOT INQUIRE WITHIN the restaurant, it is an operating business, and the business is not included in the sale.
Location
State MA
County Essex
Zoning Commercial
Direction I-495 to MA Route 150N to MA Route 110 west to property on left
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available, 110 Volts, 220 Volts
Roof Type Asphalt/Composition Shingles
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Bought with Vin Cannistraro • Center Square Realty
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