About This Restaurant
Investment Highlights
Executive Summary
Introducing The Blacksmith Shop Project. This rare oceanfront property is located at the mouth of Bearskin Neck, with sweeping views of Rockport Harbor. There are two buildings. Restaurant building needs complete renovation to bring her back to the glory days of oceanfront dining. The other building is tastefully renovated with retail space at street level & 1 bedroom condo above with amazing water views of the harbor. There are also plans in hand for a project that includes 3000 sq. ft. oceanfront restaurant, two 1200 sq. ft. 2 bed/2 bath luxury condos w private 350 sq. ft. oceanfront decks, one 600 sq.ft. 1 bed/bath luxury condo w private 200 sq.ft. oceanfront deck, one 600 sq. ft. retail shop space & one 800 sq. ft. retail shop space. Development plans have been approved by historical, zoning & conservation. Keep this plan, develop your own or just renovate as is. 40% of overall sq. ft. must remain public usage or restaurant according to MA DEP & federal tidal laws.
Property Details
- Sale Type Investment or Owner User
- Sale Condition High Vacancy Property
- Property Type Retail
- Property Subtype Storefront Retail/Residential Storefront Retail/Residential General Retail Restaurant General Retail Storefront Retail/Office Storefront Retail/Residential
- Building Size 9,552
- Building Class C
- Year Built/Renovated 1789/1986
- Price 1,695,000
- Price Per SF 177
- Percent Leased 100
- Tenancy Multiple
- Building Height 3 Stories
| Date Created: | 2024-07-16 04:16:17 | Last Updated: | 2024-07-16 04:16:17 |
| Address: | 23 Mount Pleasant St , Rockport, Massachusetts, 01966 | ||