Commercial Building in Growing
100 Summer St Everett, MA 02149
For Sale
$625,000
Pending
1,596 sq ft commercial building with development potential.
Property Size1,596 SF
Days on Market95
Property Features for 100 Summer St
General Information
- Standard status
- Pending
- Size
- 1,596 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1930
Listing Agency:
Skylimit Real Estate LLC
(617) 416-5745
Listed By:
Hector Cocar
(617) 416-5745
Source:
Alliancepartnersre
Added: Apr 23
Changed: Jul 10
Last Checked: Jul 23 at 7:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Skylimit Real Estate LLC
Investment Insights
Based on property information with market context.
Located in a rapidly growing Massachusetts city, 100 Summer Street is a 1,596 sq. ft. brick commercial building. The property is currently occupied by Crown Fried Chicken & Pizza and the Grilled Quesadilla Company. Situated 1.6 miles from Encore Boston Harbor, the property offers potential for vertical development, including rooftop decks or upper-floor units with views of the Boston skyline and Encore Boston Harbor.
Key Highlights
- Prime development opportunity in a rapidly growing city.
- Enjoy unobstructed views of the Boston skyline and Encore Boston Harbor.
- Existing commercial tenants provide immediate income.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.1k | $27.00 |
| − Vacancy | −$3.2k | −$2.03 |
| EGI | $39.9k | $24.98 |
| − OpEx | −$10.0k | −$6.24 |
| NOI | $29.9k | $18.73 |
1,596 SF · lease $27.00/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$427.1K
$373.7K – $498.3K
NOI $29,895 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$944.8K
$826.7K – $1.10M
NOI $66,138 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Fuentes Kitchen
Restaurant
FAQs
What type of property is this?
Restaurant - 1,596 sq ft commercial building with development potential.
Where is this restaurant located?
The property is located at 100 Summer St Everett, MA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Prime development opportunity in a rapidly growing city.; Enjoy **unobstructed views of the Boston skyline and Encore Boston Harbor.**; Existing commercial tenants provide immediate income.
