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Remodeled Restaurant/Bar with Lease

2254 Main Street Tewksbury Tewksbury, MA 01876

Claim this Listing
For Sale
$949,900

Remodeled restaurant/bar with existing tenant and parking.

Property size:
3,260 SF
Price / SF:
$291.38/SF
Added:
May 16, 2026
Days on Market:
60
Last Refresh:
Jun 30 at 2:49 am

Property Features for 2254 Main Street Tewksbury

General Information

Standard status
Active
Size
3,260 SF

Building Details

Year Built
1948

Listing office

Listing date May 16, 2026

Source Milestonerealtyinc

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 Jadaiya Stanley


Investment Insights

Based on property information with market context.

This is a free-standing building that was remodeled in 2024 with new natural gas heating and AC. The property is located near the Wilmington Line and offers high visibility. The building includes a large unfinished basement that could be finished for additional space. The existing business is a restaurant/bar. There is an existing tenant with a 5-year Triple Net Lease, paying $4,100 per month. The property offers parking. The property size is 3260 square feet.

Key Highlights

  • Existing tenant with a 5‑year Triple Net Lease generating $4,100 monthly income
  • Remodeled in 2024 with new natural gas heating and AC
  • Great location near the Wilmington line with lots of visibility

Local 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 $88.0k $27.00
− Vacancy −$6.6k −$2.03
EGI $81.4k $24.98
− OpEx −$20.4k −$6.24
NOI $61.1k $18.73
3,260 SF · lease $27.00/SF/yr · vacancy 7.50% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$872.3K
$763.3K – $1.02M (±1% cap)
NOI $61,064 @ 7.0% cap · market cap 6.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M (±1% cap)
NOI $135,094 @ 7.0% cap · market cap 14.22%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

The Pull-Up Restaurant

Suggested Use

Real Estate Agency Law Firm Dental Office Restaurant Auto Parts Store Spa & Massage Center Gym & Fitness Center Big Box & Wholesale Store Skin Care Clinic Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Bar & Pub - Remodeled restaurant/bar with existing tenant and parking.
Where is this bar & pub located?
The property is located at 2254 Main Street Tewksbury Tewksbury, MA.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: Existing tenant with a 5‑year Triple Net Lease generating $4,100 monthly income; Remodeled in 2024 with **new natural gas heating and AC**; Great location near the Wilmington line with **lots of visibility**
Contact an agent
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