Two-Story Restaurant with Commercial
For Sale
$875,000
43 Careswell St, Marshfield, MA 02050
Two-story restaurant property includes a spacious commercial kitchen, dining areas, and about 15 on-site parking spaces.
Property Size2,352 SF
Days on Market133
Property Features for 43 Careswell St
General Information
Standard status
Active
Size
2,352 SF
Total Parking Spaces
15
Property subtype
Commercial
Additional Details
Business Included
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$4,893
Building Details
Building Size
2,352 SF
Year Built
1968
Stories
2
Listing Agency:
V & E Realty
Listed By:
Derek Wong · License #455500324
(617) 290-8289
Source:
Classifiedrealtygroup
Added: Jun 10
Changed: Oct 20
Last Checked: Oct 19 at 4:02AM
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 V & E Realty
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Investment Insights
Based on property information with market context.
This package sale includes a well-established Asian restaurant business together with the real estate. The first floor features a cashier counter, a small sushi bar, the main dining area, two bathrooms, and a spacious commercial kitchen. The second floor provides additional storage space along with a couple of bedrooms, offering flexibility for a variety of uses.
The property is situated on a highly visible roadway between Green Harbor and Brant Rock/Ocean Bluff, with convenient access and approximately 15 on-site parking spaces. The location benefits from tourist traffic and nearby residential neighborhoods.
The opportunity may also include the ability for a future owner to pursue a Beer & Wine and/or Full Liquor License, subject to applicable approvals.
The property is situated on a highly visible roadway between Green Harbor and Brant Rock/Ocean Bluff, with convenient access and approximately 15 on-site parking spaces. The location benefits from tourist traffic and nearby residential neighborhoods.
The opportunity may also include the ability for a future owner to pursue a Beer & Wine and/or Full Liquor License, subject to applicable approvals.
Key Highlights
- Two‑story Asian restaurant property built in 1968, offered with the business as a package
- First floor includes cashier counter, small sushi bar, main dining area, two bathrooms, and a spacious commercial kitchen
- Second floor includes additional storage and a couple of bedrooms for flexible use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,475
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$869,500
$869.5K
Cap Rate 7%
$621,071
$621.1K
Cap Rate 9%
$483,056
$483.1K
Market Conditions
NOI Build-Up for 2,352 SF
Gross rent
$59.3K $25.20/SF
− Vacancy
−$1.3K −$0.55/SF
EGI
$58.0K $24.65/SF
− OpEx
−$14.5K −$6.16/SF
NOI
$43.5K $18.48/SF
Area
Plymouth County, MA
Vacancy
2.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$869,500
Cap Rate 7%
$621,071
Cap Rate 9%
$483,056
Alternative Uses
Best Use
Specialty Retail
$621.1K
$543.4K – $724.6K
NOI $43,475 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,466 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 02050, MA
25,956
Population
11,697
Households
2.2
Avg Household Size
48
Median Age
53%
College-Educated
97%
High-School Grad
28.8 sq mi
ZIP Area
901
Density / Sq Mi
$125,436
Median Household Income
$63,529
Median Earnings
$1,620
Median Rent
$622,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two-story restaurant property includes a spacious commercial kitchen, dining areas, and about 15 on-site parking spaces.
Where is this conventional restaurant located?
The property is located at 43 Careswell St Marshfield, MA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Two‑story Asian restaurant property built in 1968, offered with the business as a package; First floor includes cashier counter, small sushi bar, main dining area, two bathrooms, and a spacious commercial kitchen; Second floor includes additional storage and a couple of bedrooms for flexible use
