304 Lincoln AveSaugus, MA 01906

Property Details for 304 Lincoln Ave

Year built

1945

Lot size

1.46 AC

Property size (Sq ft)

26,759 SF

Zone code

NA

Property type

Retail space

APN

SAUG M:005-G B:0002 L:0010

APU

SAUGM005GB0002L0010

Description

This exceptional restaurant opportunity in Saugus, MA, presents a unique chance to acquire a well-established business in a highly desirable North Shore location. Situated on a 0.04-acre lot at 304 Lincoln Ave, this turnkey establishment boasts a full pour liquor license, ensuring immediate operational readiness. The restaurant comfortably seats 50-60 guests, providing ample space for a diverse clientele. A comprehensive security system is already in place, offering peace of mind and operational efficiency. The current owners are motivated to sell, making this an attractive proposition for serious buyers. The property benefits from exceptional demographics and prime accessibility, contributing to a loyal customer base already established. Attractive lease rates are available, with options for renewal, providing long-term stability and financial predictability. This presents a significant opportunity for growth and expansion, allowing a new owner to implement innovative ideas and branding strategies within a proven, successful framework. The asking price is $250,000, with reasonable offers considered. Don't miss this chance to own a thriving restaurant in one of the North Shore's most coveted towns. Schedule a showing to explore the potential of this remarkable business.

• CAP approach

  CAP return

  Valuation

  6%

  $6,503,371

  6.5%

  $6,003,112

  7%

  $5,574,318

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,810,754

  Geo Method

  $8,810,754

• Alternative Use

  Use

  Valuation

  Residential

  $5,063,850

  Hospitality

  $4,638,459

  Educational

  $3,859,143

  Medical

  $3,991,865

  Retail

  $6,003,112

Location Insight

City

Saugus

County

Essex

State

Massachusetts

Latitude

42.4494

Longitude

-70.9974

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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