Property profile

0 Historic Newburyport Ma Newburyport, MA undefined

OFF-MARKET
Hospitality properties
10,000 SF
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Property summary

AI-generated overview

This exceptional, Class A restaurant in historic Newburyport, Massachusetts presents a rare investment opportunity. Boasting 10,000 square feet in a single-story building, this well-established eatery is one of the most renowned in the city. Its sophisticated, white-tablecloth setting comfortably accommodates over 100 guests, perfect for both intimate dinners and larger events. A full liquor license allows for maximizing revenue through a diverse drink menu. The kitchen is a chef's dream, meticulously maintained and equipped with a blend of modern and new appliances, ensuring efficient and high-quality food preparation. This allows for innovative menu options and catering to current culinary trends. The restaurant's prime location in a desirable coastal city draws both locals and tourists, with convenient parking nearby increasing foot traffic. Beyond elegant table seating, ample bar seating fosters a vibrant atmosphere, encouraging guests to linger and enjoy the experience. Consistent year-round patronage and strong sales growth demonstrate significant potential. A dedicated, fully staffed team ensures exceptional service, contributing to the restaurant's success and profitability. The asking price is $1,600,000. A confidentiality agreement and proof of funds are required for further details.

Property profile

Verified
Property type Hospitality properties
Total area 10,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Historic Newburyport Ma Newburyport, MA undefined
Newburyport metro
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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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