Turn Key Restaurant & Property in Market Square, Amesbury, MA
Retail-Commercial
for Sale
| Catylist Listing ID: |
30847594 |
| Property Subtypes: |
Free-Standing Building, Restaurant
|
| Building Size (RSF): |
3,944 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$1,150,000 |
| Unit Price: |
$291.58 PSF |
| Ceiling: |
12 ft. |
| Property Use Type: |
Investment, Business |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/25/2023 |
Overview / Comments
Turn-Key business opportunity! Offered for sale is Sky Hi Restaurant and the property at 37 Main Street in the heart of Amesbury's Market Square. The restaurant underwent significant remodeling in the last three years, and the rear deck of the restaurant opens up to Amesbury's Upper Millyard Amphitheater along the Pow Wow River. Amesbury is home to many successful restaurants and features an abundance of popular retail shops, craft breweries, professional services, hotels & other businesses. Amesbury has a well-earned reputation as a destination for diners from around the region.
The first-floor space is 2,558sf square feet. The 1,386 lower level of the restaurant includes storage, a walk-in freezer, and office space. Prospective buyers are encouraged to perform due diligence in all aspects of a contemplated acquisition. The business sale will be in the form of an asset sale.
The abutting property at 39-41 Main Street is also available for acquisition.
|
Financials
| Finance Data Year |
2023 |
| Real Estate Taxes - Annual($) |
$6,043 (Annual) |
Additional Details
| Nearest MSA: |
Boston-Cambridge-Newton |
| County: |
Essex |
| Tax ID/APN: |
53/271/C |
| Zoning: |
CB |
| Retail Clientele: |
Business |
| Property Located Between: |
Situated in Market Square, Downtown Amesbury |
| Property Visibility: |
Excellent |
| Airports: |
Boston Logan International, Manchester Boston Regional |
| Area Description: |
Situated in Market Square, Downtown Amesbury |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Property Condition: |
Excellent |
| Year Built: |
1874 |
| Roof Type: |
Other |
| Construction/Siding: |
Brick |
| Parking Type: |
Surface |
| Sprinklers: |
Wet |
| Air Conditioning: |
Other |
| Lot Frontage: |
48FT |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
10,158 |
31,617 |
64,126 |
| Median Age: |
40.21 |
42.44 |
43.8 |
| Households: |
4,235 |
12,763 |
26,044 |
|
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