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Roast Beef Sandwich Shop
For Sale
$150,000

117 Water St, Wakefield, MA 01880

The food-service business has operated for many decades.

Property Size1,970 SF
Days on Market39

Property Features for 117 Water St

General Information

Standard status Active
Size 1,970 SF
Property subtype Commercial

Additional Details

Business Included Yes

Building Details

Building Size 1,970 SF
Year Built 1970
Listing Agency: Bill Kafkas RE
Listed By: Bill Kafkas
Source: Iverty
Added: Sep 23 Changed: Oct 30 Last Checked: Sep 28 at 8:15AM

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 Bill Kafkas RE

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Investment Insights

Based on property information with market context.

A roast beef and sandwich restaurant business is offered at 117 Water St in Wakefield, Massachusetts. The building dates to 1970, and the operation has been serving customers for many decades.

Property visits are scheduled by appointment.

Key Highlights

  • Roast beef and sandwich restaurant business
  • Operating history spanning many decades
  • Building constructed in 1970

Property Analytics

Current Use

Kipos Roast Beef Take-out & Catering 湘私馆 Restaurant

Suggested Use

Top Pick Big Box & Wholesale Store Garden Center (Bike/Boat/Book/etc) Store Furniture & Home Goods Locksmith Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

1,427
Businesses Nearby
99k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 39% Groceries 28% Shops & Services 25% Home Improvements & Furnishings 8%
Shaw's Supermarket Groceries
27,577 visits/mo 0.0 miles
McDonald's Dining
24,489 visits/mo 0.3 miles
Dunkin' Donuts Dining
14,135 visits/mo 0.5 miles
Dollar Tree Shops & Services
11,563 visits/mo 0.3 miles
Hart's Ace Hardware Home Improvements & Furnishings
7,861 visits/mo 0.2 miles

Demographics for 01880, MA

27,071
Population
11,513
Households
2.4
Avg Household Size
43
Median Age
57%
College-Educated
96%
High-School Grad
7.4 sq mi
ZIP Area
3,658
Density / Sq Mi
$130,419
Median Household Income
$78,860
Median Earnings
$1,872
Median Rent
$670,100
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - The food-service business has operated for many decades.
Where is this conventional restaurant located?
The property is located at 117 Water St Wakefield, MA.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Roast beef and sandwich restaurant business; Operating history spanning many decades; Building constructed in 1970
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