Mixed Use Restaurant/ Retail & Residential on Busy Route 110
Listing was updated at: 09/04/2018
Property
Overview
| Price/Rent PSF | $ 650,000.00 |
| Asset Type | Retail |
| Trade Type | Sale |
| SQ. FT. Available | 5,197 |
| Date Available | 09/04/2018 |
| Additional URL | Link |
| Floors | 1 |
| Additional parameters | Show |
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Description
Location
Situated directly on MA Route 110, (Haverhill Rd), a mile from I-495.
Sale
Faulkner & Associates is pleased to offer for sale this mixed-use property situated directly on busy Route 110 in Amesbury, MA. The commercially zoned 5,197sf property consists of the restaurant known as Route 110 Roast Beef (3,305sf plus a 781sf deck & porch- Business is a tenant, not for sale) and a 1,892sf 3 bedroom single family home. The home has a lower level with a separate entry that may be able to be used as a separate apartment or commercial office space.
The restaurant tenant has a favorable NNN lease through 2020, with one five year option to renew. Amesbury is presently experiencing commercial growth, and the newly constructed The Heights Amesbury apartment complex is approximately an eighth of a mile away on Route 110. According to the MA DOT, traffic count is 6,918 vehicles per day in 2017.
Please do not inquire within the restaurant, it is an operating business. Contact Faulkner & Associates for a private tour.
Location