29 Plum Island Tpke, Newbury, MA 01951
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.