Two-Story Restaurant with Commercial
43 Careswell Street Marshfield, MA 02050
43 Careswell Street, Marshfield, MA, 02050
$875,000
For Sale
$875,000
Two-story restaurant property includes a spacious commercial kitchen, dining areas, and about 15 on-site parking spaces.
Property Size2,352 SF
Price / SF$372.02
Days on Market53
Property Features for 43 Careswell Street
General Information
- Standard status
- Active
- Size
- 2,352 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1968
Listing agency
V & E Realty
Listed by
Derek Wong
(617) 680-0690
Source
Inrealtyinc
Added: May 30 Updated: Jul 21 at 2:04PM Checked: Jul 21 at 2:04PM
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
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
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 | $59.3k | $25.20 |
| − Vacancy | −$1.3k | −$0.55 |
| EGI | $58.0k | $24.65 |
| − OpEx | −$14.5k | −$6.16 |
| NOI | $43.5k | $18.48 |
2,352 SF · lease $25.20/SF/yr · vacancy 2.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$621.1K
$543.4K – $724.6K
NOI $43,475 @ 7.0% cap · market cap 4.97%
Second Best
Industrial
$357.4K
$312.7K – $417.0K
NOI $25,018 @ 7.0% cap · market cap 2.86%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mandarin Tokyo Japanese ...
Restaurant
Similar For Sale Nearby
FAQs
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 Street 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
