Listing Courtesy of New England Restaurant Brokers
  • 0 / 0
  • 91
  • 1969
  • 0.89
Active Status Com
Check Drive Time
See how long it takes to get to work. Change


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

Address: 0 Newbury
State: MA
City: Danvers
County: Essex
Zip Code: 01923
MLS#: 72505299
MLS Area:
Taxes: $21

Interior Details

  • Appliances:
  • Features:
  • Furnished:
  • Floor Type:
  • Cooling:
  • Heating:
  • Extras:Interstate,Highway Access
  • Other Rooms:

Exterior Details

  • Home Construction
  • Features:
  • Exposure:
  • Roof Type:
  • Garage Spaces:
  • Pool:No
  • Utilities:
  • Lot Description:

Community Details

  • Misc:Restaurant w/Liquor

Rental Information

  • Rental Income:$180,000
  • Rental Number:0
  • Directions:Route 1 south Danvers, Ma.

Similar Properties

Property Information Last Updated: 8/22/2019 11:43:50 AM
Listing Courtesy of New England Restaurant Brokers


The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.Copyright ©2017 MLS Property Information Network, Inc. All rights reserved.

>