Restaurant w/ Fully Equipped Kitchen For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30511172
Property Subtypes: Convenience Store, Free-Standing Building, Garden Center, Mixed Use, Restaurant, Retail-Pad, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 5,180 SF
Gross Building Area: 10,390 SF
Gross Land Area: 0.60 Acres
Sale Price: $739,000
Unit Price: $142.66 PSF
Property Use Type: Vacant/Owner-User
Usable Size (USF): 5,180 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/22/2020

Overview / Comments

Very popular 165- seat restaurant for sale in a desirable Seacoast location. Full size turn-key kitchen and bar area. Great signage and high visibility on a busy Route 1 location with high traffic counts! Sale incudes real estate, fully equipped turn-key kitchen with brand new walk-in freezer and cooler and all furniture and dinnerware (truly turn-key). Property is fully sprinkled. 3-phase power with 220 amps. It was a successful former Chinese Restaurant for over 25-years and owners have retired. Town water and natural gas heat.

Looks can be deceiving! NOT a tear down...just needs some TLC.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: 007/112/000
Zoning: I/BR
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Visibility: Excellent
Largest Nearby Street: Route 1
Highway Access: I-95 to Exit 2; East on Route 27 to Route 1 (Lafayette Rd); North to address
Airports: Boston & Manchester
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,180 SF
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: Fully equipped kitchen, bar and restaurant.
Lot Frontage: 162 feet on Lafayette Rd., 159 feet on South Rd.
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 20,653 42,324
Median Age: 46.9 45.17
Households: 8,750 17,891


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