10
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$7,900
1.84 Acres Lot
Active
969 Main Street Wakefield, MA 01880
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Rent
MLS Listing ID 73456461
HOA Y/N false
Year Built 2014
Tax Year 2025
Lot Size 1.840 Acres
Acres 1.84
Property Description
FULLY BUILT OUT RESTAURANT AND BAR IN THE GREENWOOD SECTION OF WAKEFIELD - MELROSE LINE, STONEHAM LINE AND SAUGUS LINE.A MUST SEE FOR A SECOND LOCATIONS THE BUILDING OUT WAS VERY EXPENSIVE WHEN COMPLETED. THE RENT IS $7,903.56 NNN - WHICH WILL WORK OUT TO ABOUT $10,000 +/- TOTAL PER MONTH. THE EQUIPMENT IS OWNED BY THE BANK ON A UCC BUT CAN BE PURCHASED FOR PENNIES ON THE DOLLAR. THE BUILD OUT IS OWNED BY THE LANDLORD AND WOULD NEED TO BE PURCHASED ON THE LEASE SIGNING FOR $100,000.00 OR IF THE LEASE AND BUSINESS IS EVER SOLD FOR A BUYOUT OF $150,000.00. IF IT IS NEVER SOLD THERE WILL BE NO PAYMENT DUE.HUGE VALUE IN A GREAT AREA WITH AMAZING DEMOGRAPHICS
Location
State MA
County Middlesex
Area Greenwood
Zoning COM
Direction On Main Street near the corner of Greenwood Street
Exterior
Utilities Available Public Water, Natural Gas Available, 220 Volts, Fiber Optic
Roof Type Rubber
Others
Senior Community false
Listed by MAC Real Estate
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