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Property profile & analytics
OFF-MARKET Estimated value $3,250,000
Retail space

304 Lincoln Ave Saugus, MA 01906-3992

26,759 SF 1.46 ac lot Built 1945
Entity Owned Absentee Owner Free & Clear
Property ID
US38-0436244
Property summary
AI-generated overview

This exceptional restaurant opportunity in Saugus, MA, presents a unique chance to acquire a well-established business in a highly desirable North Shore location. Situated on a 0.04-acre lot at 304 Lincoln Ave, this turnkey establishment boasts a full pour liquor license, ensuring immediate operational readiness. The restaurant comfortably seats 50-60 guests, providing ample space for a diverse clientele. A comprehensive security system is already in place, offering peace of mind and operational efficiency. The current owners are motivated to sell, making this an attractive proposition for serious buyers. The property benefits from exceptional demographics and prime accessibility, contributing to a loyal customer base already established. Attractive lease rates are available, with options for renewal, providing long-term stability and financial predictability. This presents a significant opportunity for growth and expansion, allowing a new owner to implement innovative ideas and branding strategies within a proven, successful framework. The asking price is $250,000, with reasonable offers considered. Don't miss this chance to own a thriving restaurant in one of the North Shore's most coveted towns. Schedule a showing to explore the potential of this remarkable business.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1945
Total area 26,759 SF
Lot 1.46 ac (63,606 SF)
Zoning code NA
APN SAUG M:005-G B:0002 L:0010
UPID US38-0436244
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
Current use
Occupant on record · Public records
  • Attractive Nails Nail Salon
  • Flex Fitness Gym & Fitness Center
  • BEAT ConnXtionz Dance Company Theater & Performing Art Venue Training Center
  • Richdale Convenience Store Grocery & Convenience Store
  • Joes Beer And Wine (Bike/Boat/Book/etc) Store Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.70M
Blend (final) Blend
$3.25M
Owner & transaction history
COGLIANO LINCOLN AVE TRUST
COGLIANO LINCOLN AVE TRUST
Zoning & alternative use
NA · Saugus, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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