Iconic Four-Story Mixed-Use Building in Downtown Haverhill, MA

Retail-Commercial for Sale
Catylist Listing ID: 30865277
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Other
Building Size (RSF): 17,300 SF
Gross Building Area: See Agent
Gross Land Area: 0.12 Acres
Sale Price: $1,800,000
Unit Price: $104.05 PSF
Ceiling: 14 ft.
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/12/2024

Overview / Comments

Iconic, magnificent, four-story mixed-use building in the heart of the business & entertainment district in the thriving downtown in Haverhill, MA for sale. This is a significant piece of commercial real estate that has been home to a very successful, popular restaurant and lounge for many years. The imposing turn-of-the-century building with period architecture and details, is a wood frame structure with a brick exterior and granite block facade, and may continue to be operated as a restaurant/ lounge/ function and entertainment venue and is zoned for mixed-use, which offers the possibility to be developed into a mixed-use showpiece, with restaurant, retail, offices, or residences. The elevator runs to all four above-grade floors, and there is a full commercial kitchen and storage in the basement, included in the 17,300 square footage. The space currently has two full-service kitchens and multiple full-service bars.

Formerly occupied by The Barking Dog Ale House, a successful 208-seat restaurant, which occupied three floors, with a beautiful fourth-floor banquet/ function room that accommodates an additional 150 guests. The restaurant was configured for 387 seats but is licensed for 582 total. Gorgeous build-out throughout, with modern features meeting classic architecture.

The location in the center of the primary business and entertainment district is extremely walkable and is just two blocks from public transportation, off-street parking, and a parking garage. The demographics of the area are very attractive, with many businesses and a heavy residential population in the vicinity. Interstate 495 is just two miles away.

Possibilities exist to redevelop this landmark into various uses by right or special permit. Specific information was obtained from public records and the seller, prospective buyers are encouraged to perform due diligence as to material facts and suitability for their intended purpose.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Essex
Tax ID/APN: 0301/0052/5
Zoning: CC
Retail Clientele: General, Family, Business, Traveler, Recreation
Property Visibility: Excellent
Airports: Boston Logan Airport and Manchester Boston Regional Airport
Site Description: Located in the heart of the business, entertainment, and dining district on Washington Street.
Area Description: Located in the center of the primary business and entertainment district is extremely walkable and is just two blocks from public transportation, off-street parking, and a parking garage.
Total Number of Buildings: 1
Number of Stories: 4
Property Condition: Excellent
Year Built: 1900
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Street/Off Site
Passenger Elevators: 1
Heat Type: Natural Gas
Lot Frontage: 60
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 28,730 64,134 168,429
Median Age: 35.43 38.92 37.66
Households: 11,427 25,567 61,944
© Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Moody's assume any liability for errors or omissions.