Business Overview:
Prime Restaurant Site & Development Opportunity in a Booming Boston neighborhood. This is an ideal real estate play in a rare location. The City of Boston wants to keep the store front and add residential units in on the floors above. The gem has frontage and access on two busy streets with huge development opportunity for almost any Concept. You can add 4 stories by right, but the city will most likely approve 5-7 stories. There is also the possibility of assembly neighboring properties.
LOT SIZE: 7,501 square feet Lot (combination of two lots attached)
PARKING: Street parking out and private lot in the rear
EQUIPMENT: The equipment is in good condition and has been well maintained.
LEASE TERM:Real Estate is included in the sale
BASE RENT: Real Estate is included in the sale
CONCEPT: Breakfast & Lunch Restaurant
REAL ESTATE:Building & Real Estate are valued at $2.55MM and $400,000 for the business
SEATS: 110 seats
HOURS: Open daily 530a-130p
LICENSES: C.V. (The City may issue a free license from the city at this site.)
SALES: $800,000 per year
CASH FLOW: $200,000 per year
ASKING PRICE: $2,950,000 For the Business and Property.
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Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
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