Property Description
FULLY BUILT OUT RESTAURANT AND BAR IN THE GREENWOOD SECTION OF WAKEFIELD – MELROSE LINE, STONEHAM LINE AND SAUGUS LINE.A MUST SEE FOR A SECOND LOCATIONS THE BUILDING OUT WAS VERY EXPENSIVE WHEN COMPLETED. THE RENT IS $7,903.56 NNN – WHICH WILL WORK OUT TO ABOUT $10,000 +/- TOTAL PER MONTH. THE EQUIPMENT IS OWNED BY THE BANK ON A UCC BUT CAN BE PURCHASED FOR PENNIES ON THE DOLLAR. THE BUILD OUT IS OWNED BY THE LANDLORD AND WOULD NEED TO BE PURCHASED ON THE LEASE SIGNING FOR $100,000.00 OR IF THE LEASE AND BUSINESS IS EVER SOLD FOR A BUYOUT OF $150,000.00. IF IT IS NEVER SOLD THERE WILL BE NO PAYMENT DUE.HUGE VALUE IN A GREAT AREA WITH AMAZING DEMOGRAPHICS
Additional Information
- Area:
- Greenwood
- Tax Year:
- 2025
- Status:
- Active
- Zoning:
- COM
- Orig Price:
- $7,900
- LEASE_TYPE:
- Nnn
- Waterfront:
- No
- MlsStatus:
- Active
Address Map
- City:
- Wakefield
- State:
- MA
- County:
- Middlesex
- Postal Code:
- 01880
- Longitude:
- W72° 56' 1.5''
- Latitude:
- N42° 28' 53.9''
Commercial Lease
969 Main Street, Wakefield, Massachusetts
1.84 Acre
$7,900
Listing ID #73456461
Basic Details
- Property Type :
- Commercial Lease
- Listing Type :
- For Rent
- Price :
- $7,900
- Year Built :
- 2014
- Lot Area :
- 1.84 Acre
- Listing ID :
- 73456461
Agent info
Robb Enterprises
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
Contact Agent