240 Essex St Haverhill, MA 01832

Property Details for 240 Essex St

Year built

1900

Lot size

0.05 lot acres

Property size

2,370 SF

Property type

Commercial real estate

APN

515/297/18

Description

This exceptional mixed-use property presents a compelling investment opportunity in Haverhill, MA. Located at 240 Essex Street, this 2,370 square foot building, constructed in 1900, boasts a vibrant history as the Lantern Cafe, a well-established bar operating for over 40 years. The sale includes all furniture, fixtures, and equipment, along with transferable licenses. The property features a street-level bar with a 55-person capacity (16 bar seats) and a two-bedroom apartment on the second floor. A 660 square foot basement, not included in the listed square footage, provides ample storage. Situated on a 0.05-acre lot, the property is zoned IC, offering flexibility for various uses. The building is a two-story structure with two units. Conveniently located near public transportation (bus and train terminals) and public parking, this property is ideally positioned for continued success as a bar and apartment complex or redevelopment. The property is situated within Opportunity Zone 2608, potentially offering redevelopment incentives. The asking price is $750,000. The property includes two parking spaces per unit. All information is from seller and public records