Bought with A non NEREN member • A Non-NEREN Agency
$575,000
$650,000
11.5%For more information regarding the value of a property, please contact us for a free consultation.
5,197 SqFt
SOLD DATE : 11/14/2018
Key Details
Sold Price $575,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 5,197 sqft
Price per Sqft $110
MLS Listing ID 4709089
Sold Date 11/14/18
Year Built 1950
Annual Tax Amount $9,545
Tax Year 2017
Lot Size 0.820 Acres
Acres 0.82
Property Sub-Type Retail
Property Description
Mixed-use property situated directly on busy Route 110 in Amesbury, MA. The commercially zoned 5,197sf property consists of the restaurant known as Route 110 Roast Beef (3,305sf plus a 781sf deck & porch- Business is a tenant, not for sale) and a 1,892sf 3 bedroom single family home. The home has a lower level with a separate entry that may be able to be used as a separate apartment or commercial office space. The restaurant tenant has a favorable NNN lease through 2020, with one five year option to renew. Amesbury is presently experiencing commercial growth, and the newly constructed The Heights Amesbury apartment complex is approximately an eighth of a mile away on Route 110. According to the MA DOT, traffic count is 6,918 vehicles per day in 2017. Please do not inquire within the restaurant, it is an operating business.
Location
State MA
County Ma-essex
Area Ma-Essex
Zoning C
Rooms
Basement Entrance Interior
Basement Finished
Exterior
Exterior Feature Shingle
Parking Features On-Site, Parking Spaces 11 - 20, Paved
Garage Description On-Site, Parking Spaces 11 - 20, Paved
Roof Type Shingle - Asphalt
Building
Sewer Public
Water Public
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Broker | License ID: 068128
steven@whitehillestatesandhomes.com
48 Maple Manor Rd, Center Conway , New Hampshire, 03813, USA