Property profile

29 Plum Island Tpke Newbury, MA 01951

OFF-MARKET
Investment properties
0.06 ac lot Built 2015
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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

Location

29 Plum Island Tpke Newbury, MA 01951
Newbury metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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