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.


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

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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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