Catylist ID:
#30865277
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: | $1,700,000 |
| Unit Price: | $98.27 PSF |
| Ceiling: | 14 ft. |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/11/2024 |
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 |
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 |
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