Property summary
This exceptional business opportunity is located at 29 Plum Island Turnpike in Newbury, MA, a highly visible and iconic location serving residents and tourists for over 40 years. The property sits on a 0.06-acre lot and offers a rare combination of a fully equipped kitchen and a grocery store component, making it a truly unique offering. The turnkey operation includes a substantial amount of existing equipment, ready for immediate use. This includes a full kitchen featuring a hood system, pizza oven, fryolator, deli counter, walk-in refrigerator and freezer, dough maker, and a point-of-sale (POS) system. The business boasts strong existing sales, providing a solid foundation for a new owner to build upon. There's significant potential to expand offerings and increase revenue year-round by adding new products and services. The flexible configuration allows for adaptation to various business models. The current landlord is open to negotiating a new lease agreement, providing further flexibility for prospective buyers. This prime beach location, combined with a loyal customer base and the existing infrastructure, presents a compelling investment opportunity with significant upside potential. The asking price for this established business is $75,000.
Property profile
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Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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