$865,000
$900,000
3.9%For more information regarding the value of a property, please contact us for a free consultation.
4,600 SqFt
SOLD DATE : 10/23/2024
Key Details
Sold Price $865,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 4,600 sqft
Price per Sqft $188
MLS Listing ID 73184413
Sold Date 10/23/24
Annual Tax Amount $11,080
Tax Year 2023
Lot Size 3,484 Sqft
Acres 0.08
Property Description
Opportunity is knocking.......Mixed use building with equipped RESTAURANT in downtown Wakefield!! 2 large apartments upstairs each with 5 rooms/2 bedroom/1 bath generating monthly income. Residents currently are TAW fetching $3750 gross income which could be increased. Both are separately heated with newer systems and is equipped with it's own electric panel. The commercial space on the ground floor is currently set up as a restaurant business with usage of the basement space as well. There is plenty of storage and freezer spaces. Restaurant is handicap access, includes 2 patron restrooms, and is currently vacant. This building's roof was replaced 3 years ago. Full sprinkler system is in place.
Location
State MA
County Middlesex
Zoning B
Direction off main street in Downtown Wakefield
Exterior
Waterfront false
Total Parking Spaces 1
Others
Senior Community false
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Bought with Richard Spinosa • Realty Direct Somerville
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "