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Key Facts

Type Commercial
Levels Commercial Sale
Size 10145 sqft
Garage No
Maintenance Fees 
Taxes $7,831
Days Active 43
Approx. Age 1900
Avg. Price Per Sqft $26
MLS® Number R1615364

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Complete package with pizzeria. Here is a rare opportunity to own a piece of history and generate good cash flow. This iconic building features four units on the 1st floor with two current tenancies with a monthly income of $1500. The rentable space could earn an additional $2, 500/month. The gem is a former pizzeria including two Blodgett stone pizza ovens, a Hobart dough mixer with attachments, six burner stove/hood, walk-in cooler, triple wash sinks, stainless & refrigerated prep surfaces, & more. Full basement storage space including a refrigeration & walk-in freezer. Tables and chairs for dining guests with a large open space for eating in, two public bathrooms, and handicap access. The other three units are storefronts with good exposure to Main St. The second floor, with proper updates, will be a stunning with 20’ ceilings, wood floors, and enormous windows. It has a bar and kitchen area, and rooms that can be converted into rentable shops or apartments. Ideal for local commerce with parking spaces behind plus a large adjacent town parking lot. The potential cap rate is 10%+ just from the 1st floor once fully rented. The upstairs is a bonus. Here is a chance to own a restaurant and receive cash flows from the tenants, or to create a destination spot that adds value to the entire community.Show Description
MLS® NumberR1615364
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1900
Stories2
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatOil, Forced Air
A/C
Heating Fuel

Extras

Equipment, Land and Building

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