Current Use by Public Records
- Retail properties & Spaces
Property Details for 123 Restaurant St
- Year built
- 1921
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional Class A, 1,720 sq ft QSR/Fast Food restaurant is located at 123 Restaurant St, Newburyport, MA 01950, in the heart of historic downtown. Built in 1921 and renovated in 2018, this single-story building boasts 100% occupancy and sits on a single unit with B3 zoning. The property features a strong history, loyal clientele, and significant growth potential. The asking price of $875,000 reflects a $775,000 real estate valuation and $100,000 for the business and fixtures, fittings, and equipment (FFE). Detailed financial information and location specifics are available upon execution of a confidentiality agreement and demonstration of financial capacity to purchase. This turnkey opportunity presents a rare chance to acquire a well-established food business in a high-traffic area. The property's 1720 square feet of net rentable space provides ample room for expansion and innovation. The business operates with easy hours, contributing to its profitability. This is not your average restaurant
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newburyport
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.8893
- Latitude
- 42.8104
