Salem Ma Water Front Real Estate/Restaurant

Salem, MA
Essex County


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
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. ( 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.
Subject to errors, omissions, prior sale or withdrawal from the market…all without notice.

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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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