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    29 Plum Island Tpke, Newbury, MA 01951

    0.06 ac lot Built 2015
    Property ID
    Property summary
    AI-generated overview

    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
    Verified
    Property type Investment properties
    Year built 2015
    Lot 0.06 ac (2,614 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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