Salem Ma Water Front Real Estate/Restaurant

Salem, MA
Essex County

Waterfront


Asking Price: Annual Revenue:
Not Disclosed $1,000,050

Commercial Real Estate: Retail & Shopping Centers


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RE: Salem Ma Water Front Real Estate/Restaurant Broker: MARIE FEUDO

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $1,000,050
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $1,000,050
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 994319596
Broker Reference #: MFCR

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Business Overview:

"Opportunity doesn't go away, it just goes to someone else. Don't lose this one.”

PROPERTY: Real Estate for Sale or Lease overlooking an Ocean View.
Price includes Restaurant Assets, Bars, Deck, FULL Liquor & Entertainment Licenses.
PRICE: $1,050,000 (Appraised less than 2 years ago.)
ADDRESS: 2 Bridge St. Salem, Ma. (Well Known Location/Private & Public Parking)
PROPERTY TYPE: Commercial, Zone B
SEATS: Approximately 200+ seats (99 seats in dining room and bar, 40 seats on deck overlooking water, 80 seats on patio)
LOT SIZE: .44 acres
YEAR BUILT: 1930
COMMERCIAL TAX RATE: $29.55
SQUARE FOOTAGE: Inside-3,744 square feet, Outside Deck, Outside Bar Total: 19,166 square feet of rare, ocean property.
COMMENTS: Great Opportunity and location! Kim Driscoll is known to be a proactive, business friendly Mayor. (https://www.salem.org) Real Estate is for sale or possibly available for Lease with Option to buy. Meets all Building Codes. Recently renovated and equipment updated. If you choose to Lease: LEASE RATE: $ Negotiable. (Review Preliminary Lease Terms w/Owner)

Contact: Marie or Chuck or email us.

PRIOR USE: Full Service Restaurant/Catering/Entertainment-Well Known for it’s outside Music Venue during the summer, including Bands and Acoustic Guitar.
ALL INFORMATION IS FURNISHED BY SELLER; BROKER DOESN’T CERTIFY, WARRANT THIS INFO.
Subject to errors, omissions, prior sale or withdrawal from the market…all without notice.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Equipment/other recently updated.

Market Competition and Expansion:

Very few opportunities to buy on the waterfront.

Additional Details:

  • The property is owned.
  • The owner is not 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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