29 Plum Island TpkeNewbury, MA 01951

Property Details for 29 Plum Island Tpke

Year built

2015

Lot size

0.06 AC

Property type

Investment properties

Description

This exceptional business opportunity is located at 29 Plum Island Turnpike in Newbury, MA, a highly visible and iconic location serving residents and tourists for over 40 years. The property sits on a 0.06-acre lot and offers a rare combination of a fully equipped kitchen and a grocery store component, making it a truly unique offering. The turnkey operation includes a substantial amount of existing equipment, ready for immediate use. This includes a full kitchen featuring a hood system, pizza oven, fryolator, deli counter, walk-in refrigerator and freezer, dough maker, and a point-of-sale (POS) system. The business boasts strong existing sales, providing a solid foundation for a new owner to build upon. There's significant potential to expand offerings and increase revenue year-round by adding new products and services. The flexible configuration allows for adaptation to various business models. The current landlord is open to negotiating a new lease agreement, providing further flexibility for prospective buyers. This prime beach location, combined with a loyal customer base and the existing infrastructure, presents a compelling investment opportunity with significant upside potential. The asking price for this established business is $75,000.

Location Insight

City

Newbury

County

Essex

State

Massachusetts

Latitude

42.7964

Longitude

-70.8356

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