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    Newton, MA

    Built 2012
    Property ID
    Property summary
    AI-generated overview

    This thriving Greek restaurant in Newton, MA, presents a unique opportunity for a new owner. Currently operating as a successful dine-in, takeout, and delivery establishment, the business boasts a full classic Greek menu, including beer and wine service. The restaurant is fully equipped with a large, functional kitchen, providing ample space for food preparation and storage. The current setup comfortably accommodates 30 diners, with a mix of indoor and outdoor seating options. The existing menu and operational structure offer a solid foundation for immediate income generation, allowing for a smooth transition to new ownership. The owner's retirement plans create this exceptional opportunity to acquire a well-established business in a desirable location. The sale includes all existing equipment and fixtures, making this a truly turnkey operation. The potential for expansion and adaptation to other culinary concepts is significant, given the size and functionality of the kitchen. This is an ideal acquisition for an experienced restaurateur seeking an established business with immediate revenue potential or an entrepreneur looking to enter the food service industry with a proven model. The prime Newton location ensures high visibility and accessibility, contributing to the restaurant's consistent success. This is a rare chance to own a profitable restaurant with established clientele and a strong reputation.

    Property profile
    Verified
    Property type Investment properties
    Year built 2012
    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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