Established Restaurant for Sale.

Retail-Commercial for Sale
Catylist Listing ID: 30808020
Property Subtypes: Restaurant
Building Size (RSF): 2,410 SF
Gross Building Area: See Agent
Sale Price: $99,000
Unit Price: $41.08 PSF
Property Use Type: Investment, Business
Building Name: Milford Seafood and Grill
Sale Terms: Undisclosed, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 9/27/2022

Overview / Comments

SVN The Masiello Group is pleased to present the sale of this fully equipped, operational restaurant. This location has been operating as a Seafood restaurant and grill since 1990 but would also work for alternate restaurant types including casual dining, family dining, pizzeria, Italian, Mexican, American, etc. The location offers excellent visibility, parking, and access on busy 101A (Elm Street) in Milford. The sale includes the business and equipment package.

The new lease was just signed in March and continues through March 2027. The sale is contingent upon assignment of the lease.

Highlights:

* Profitable - estimated to flow $160K in SDE in 2022.
* Excellent visibility with 216' of frontage on 101A.
* 25 parking spaces
* 55 Seats (83 seat capacity) and outdoor seating.
* Pole sign
* Assignable lease

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 019-022-000-000
Zoning: ICI
Lot Frontage: 216

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,091 19,033 30,400
Median Age: 38.22 40.14 41.27
Households: 1,130 7,367 11,481

Contact

Photograph of Listing Agent

Jesse Hepler

SVN The Masiello Group
NECPE Member
Photograph of Listing Agent

Dolly Smith

SVN The Masiello Group
NECPE Member
© Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.