Your Restaurant Opening! 21 Princess St

Investment Highlights

Fabulous Opportunity for a new restaurant. Fully equipped restaurant Lots of natural light pouring from the East side Located in the heart of downtown of busy suburban town

Executive Summary

Prime Mixed use property in Downtown Wakefield- Turnkey Thai Restaurant with 3 Income-Generating Apartments! Own a prime mixed-use property in downtown Wakefield. This building features a fully equipped restaurant on the ground floor which has had history as a Thai food restaurant. This commercial space on the first floor is exposed to plenty of foot traffic, is currently vacant and ready for either an owner-operator or investor.to put back to good use. Combined with the two income-generating residential apartments upstairs this is an ideal investment. Restaurant Features: Fully-Equipped: Restaurant includes all essential equipment, Including freezers and storage in the basement.Capacity: Seats 25-30 indoors, with an outdoor patio seating an additional 20Accessibility: Handicap accessible with two patron bathrooms and an additional employee bathroomModern Updates: Newer roof- updated in the past 3 years, updated HVAC, and sprinkler systemResidential Units:Income Potential: Two occupied apartments upstairs, current TAW generating $3700 monthly income with potential to increase rents.Prime Location: In a busy downtown area, appealing to long-term tenants.The building is centrally located and has a versatile use with reduced setup costs for a new restaurant business. Contact us today to view this exceptional investment opportunity in vibrant downtown Wakefield!

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    4,600
• Building Class    B
• Year Built/Renovated    1880/2017
• Price    949,000
• Price Per SF    206
• Cap Rate    7.85
• NOI    74,500
• Tenancy    Single
• Building Height    3 Stories
• Building FAR    1.30
• Land Acres    0.08 AC