Catylist ID:
#30647602
Restaurant & Retail Space - Prime Market Square Location
Retail-Commercial
for Sale
Also listed as Business Opportunity
| Catylist Listing ID: | 30647602 |
| Property Subtypes: | Restaurant, Street Retail |
| Building Size (RSF): | 4,113 SF |
| Gross Building Area: | 7,239 SF |
| Sale Price: | $1,500,000 |
| Unit Price: | $364.70 PSF |
| Property Use Type: | Investment, Vacant/Owner-User, Business |
| Building Name: | Clocktower Condominium |
| Usable Size (USF): | 7,239 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 10/7/2020 |
Overview / Comments
|
We are pleased to present for sale Sky Hi Restaurant and the contiguous commercial properties at 37-41 Main Street in the heart of Amesbury's Market Square. The restaurant underwent significant remodeling in the last two years, and the rear deck of the restaurant opens up to the 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 and other businesses, and the Maple Crossing Ice Complex should begin construction soon. Amesbury has a well-earned reputation as a destination for diners from around the region. The first-floor space for the three properties totals 4,113 square feet, which opens up possibilities to expand the restaurant to include additional dining or entertainment space. The lower level of the restaurant includes storage, walk-in freezer and office space, and there is another 3,126sf of space below 39 & 41 Main. All information has been obtained from public information, owner, and other sources deemed to be reliable, prospective buyers contemplating this acquisition are urged to conduct appropriate due diligence as to facts related to their specific use. The business will transfer as an asset sale with all FF&E. Properties are Units 1, 2 and 3 of the Clocktower Condominium. |
Additional Details
| Nearest MSA: | Boston-Cambridge-Newton |
| County: | Essex |
| Taxing Authority: | City of Amesbury |
| Tax ID/APN: | 53/271/A,B,C |
| Zoning: | CB |
| Retail Clientele: | General, Family, Business, Traveler, Tourist |
| Property Visibility: | Excellent |
| Feet of Frontage: | 50 |
| Highway Access: | I-95 & I-495 |
| Airports: | Boston Logan and Manchester Boston Regional |
| Tenancy: | Multiple Tenants |
| Property Condition: | Good |
| Year Built: | 1874 |
| Year Renovated: | 2018 |
| Roof Type: | Flat |
| Construction/Siding: | Brick |
| Parking Type: | Surface |
| Parking Description: | Walking distance to multiple municipal parking lots |
| Sprinklers: | Wet |
| Heat Type: | Natural Gas |
| Heat Source: | Central |
| Air Conditioning: | Package Unit |
| Internet Access: | Cable |
| Zoning Description: | Central Business Zone |
| Lot Frontage: | 50 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
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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