63 Revere Beach BlvdRevere, MA 02151

Property Details for 63 Revere Beach Blvd

Year built

1940

Construction

FRAME

Lot size

0.11 AC

Property size (Sq ft)

3,476 SF

Zone code

RC2

Property type

Turn key restaurants

APN

REVE M:8 B:141 L:9

APU

REVEM8B141L9

Description

This exceptional investment opportunity presents a rare chance to acquire a landmark property at 63 Revere Beach Boulevard in Revere, Massachusetts. This 0.11-acre lot encompasses a 3,476 square foot building currently operating as Sammy's Patio, a well-established bar and club with a transferable 2 AM liquor license. The property boasts a capacity of 250 patrons and includes most equipment, such as the sound system, taps, and furniture. The business has been family-owned and operated since 1951, establishing a strong legacy and loyal clientele. A kitchen, currently sublet on a tenant-at-will basis and used as a takeout grill, is included in the sale

• CAP approach

  CAP return

  Valuation

  6%

  $844,789

  6.5%

  $779,806

  7%

  $724,105

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,144,519

  Geo Method

  $1,144,519

• Alternative Use

  Use

  Valuation

  Residential

  $657,795

  Hospitality

  $602,537

  Educational

  $501,304

  Medical

  $518,544

  Retail

  $779,806

Location Insight

City

Revere

County

Suffolk

State

Massachusetts

Latitude

42.4058

Longitude

-70.9917

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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