Restaurant and Real Estate Opportunity in Downtown Haverhill, MA
Retail-Commercial
for Sale
Also listed as Multi-Family
| Catylist Listing ID: |
30870443 |
| Property Subtypes: |
Mixed Use, Restaurant, Tavern/Bar/Nightclub
|
| Building Size (RSF): |
4,515 SF
|
| Sale Price: |
$2,000,000 |
| Unit Price: |
$442.97 PSF |
| Property Use Type: |
Investment, Vacant/Owner-User, Business |
| Usable Size (USF): |
4,515 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/14/2024 |
Overview / Comments
|
Welcome to a rare and exciting investment opportunity in the heart of downtown Haverhill, MA. Presenting a stunning two unit brick building with the well recognized A-1 Cafe/Deli restaurant/bar on the ground floor, this property offers the perfect blend of historic charm, modern amenities, and prime location. A-1 Cafe/Deli boasts a loyal customer base and a reputation for excellence in cuisine. With its inviting atmosphere and prime location, this establishment presents a lucrative opportunity for an investor or aspiring restaurateur. Above the bustling restaurant/bar, this property features two spacious venue opportunities, providing additional rental income potential or the perfect place to host your events. Built with timeless brick construction, this property exudes classic New England charm and character. From the elegant facade to the charming architectural details, every aspect of this building reflects the rich history and heritage of Essex County. Situated in the heart of downtown Haverhill, this property enjoys unparalleled access to a wealth of amenities, including boutique shops, dining destinations, entertainment venues, and public transportation options. With its central location and high visibility, this property offers exceptional exposure and convenience for residents and patrons alike. Whether you're looking to capitalize on the thriving Restaurant/Bar business or explore redevelopment opportunities, this property offers endless possibilities for investors seeking to maximize their return on investment in a rapidly growing market. Don't miss your chance to own a piece of downtown Haverhill!!
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Additional Details
| Nearest MSA: |
Boston-Cambridge-Newton |
| County: |
Essex |
| Tax ID/APN: |
101-1-5 |
| Zoning: |
RST/BAR |
| Retail Clientele: |
General, Business, Other |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Merrimack Street |
| Feet of Frontage: |
655 |
| Highway Access: |
I-93 |
| Airports: |
Boston airport |
| Site Description: |
Brick building, high traffic road, business district, restaurant/bar |
| Area Description: |
Downtown Haverhill. High traffic and visibility. Business district |
| Total Number of Buildings: |
2 |
| Number of Stories: |
2 |
| Typical SF / Floor: |
1,500 SF |
| Property Condition: |
Good |
| Year Built: |
1919 |
| Roof Type: |
Flat |
| Construction/Siding: |
Brick |
| Exterior Description: |
Brick building, great signage |
| Parking Description: |
street |
| Sprinklers: |
None |
| Heat Type: |
Natural Gas |
| Heat Source: |
Other |
| Air Conditioning: |
Other |
| Interior Description: |
Restaurant/bar/event venues |
| Zoning Description: |
RST/BAR |
| Lot Frontage: |
65.50 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
Owned |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
22,657 |
59,578 |
155,727 |
| Median Age: |
35.01 |
38.83 |
37.99 |
| Households: |
9,217 |
23,603 |
57,813 |
|
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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.
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