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$3,999,000
Est. payment /mo
9,528 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 9,528 sqft
Price per Sqft $419
MLS Listing ID 73536305
HOA Y/N false
Year Built 1965
Annual Tax Amount $40,193
Tax Year 2025
Lot Size 1.470 Acres
Acres 1.47
Property Description
LOCATION! LOCATION! LOCATION! PRIME ROUTE 1 EXPOSURE IN SAUGUS! Exceptional opportunity to acquire a beautiful freestanding commercial investment property on highly traveled Route 1. Approximately 100,000–110,000 vehicles pass this location daily, providing outstanding visibility, exposure, and advertising value. Well-maintained building with a large parking lot offering ample parking. Single-tenant occupancy with an attractive Modified NNN lease with landlord responsible for building insurance, providing strong, steady rental income with minimal management responsibilities. A successful restaurant has operated at this location for years. Excellent opportunity for investors seeking stable cash flow, passive income, and a high-profile location in one of the North Shore's busiest commercial corridors. Your search for a freestanding investment property with strong rental income potential ends here! Please do not contact employees or management or interfere with business operations.
Location
State MA
County Essex
Zoning NA
Direction Map
Others
Senior Community false
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Listed by V & E Realty
NEARBY SCHOOL & BUSINESS
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