About This Restaurant
Investment Highlights
Executive Summary
Most businesses you buy at their height of sales and fight to keep the consistency, this is the best opportunity you could hope for as a business owner! You not only have the opportunity to outfit and grow your own business but you also have the opportunity to improve the real property itself to gain equity in the property itself! This business has been a staple in New Bedford for decades and now just waiting for its new owner to capitalize on the opportunity at hand! It also comes with a full liquor license and 99 person occupancy. Newer stainless steel appliances in the full kitchen will make anyone's transition seamless!
Property Details
- Sale Type Investment or Owner User
- Sale Condition Business Value Included
- Property Type Retail
- Property Subtype Restaurant
- Building Size 4,743
- Building Class C
- Year Built 1899
- Price 550,000
- Price Per SF 116
- Cap Rate 12.27
- NOI 67,500
- Business Value 400,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.89
- Land Acres 0.12 AC
Amenities
- Bus Line
Property Taxes
Parcel Number | NEWB-000028-000000-000140 | Improvements Assessment | $100,200 |
Land Assessment | $382,400 | Total Assessment | $482,600 |
Date Created: | 2024-07-16 04:16:16 | Last Updated: | 2024-07-16 04:16:16 |
Address: | 266 Dartmouth St , New Bedford, Massachusetts, 02740 |