25 Union StManchester-by-the-Sea, MA 01944

Property Details for 25 Union St

Year built

1900

Construction

FRAME

Lot size

0.06 AC

Property size (Sq ft)

1,404 SF

Zone code

G

Property type

Turn key restaurants

APN

MANC M:0045 B:0000 L:0013

APU

MANCM0045B0000L0013

Description

This exceptional 2,100 square foot fast-casual restaurant is located at 25 Union Street in the affluent town of Manchester-by-the-Sea, Massachusetts, within Essex County (zip code 01944). The property is a single-tenant space, fully built-out and in excellent condition, representing a turnkey opportunity for a new owner. The restaurant is ready for immediate operation, eliminating the need for extensive renovations or build-out costs, saving significant time and capital. Its location in an underserved market presents a strong potential for immediate revenue generation and growth within a high-income demographic. The asking price for the assets is $150,000. This represents a compelling investment opportunity in a desirable coastal Massachusetts community. The property's prime location on Union Street offers excellent visibility and accessibility, ensuring high foot traffic and convenient access for customers. This fully equipped restaurant is poised for success and presents a rare chance to acquire a well-established business in a thriving market. Serious inquiries are encouraged to explore this unique opportunity further. Detailed financial information and operational data are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $341,221

  6.5%

  $314,973

  7%

  $292,475

• Comparable approach

  Method

  Valuation

  Relative Method

  $462,286

  Geo Method

  $462,286

• Alternative Use

  Use

  Valuation

  Residential

  $265,692

  Hospitality

  $243,372

  Educational

  $202,483

  Medical

  $209,446

  Retail

  $314,973

Location Insight

City

Manchester

County

Essex

State

Massachusetts

Latitude

42.5749

Longitude

-70.7705

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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