Prime Restaurant Site & Development Opportunity – Boston

Prime Restaurant Site & Development Opportunity in a Booming Boston neighborhood.  This is an ideal real estate play in a rare location.  The City of Boston wants to keep the store front and add residential units in on the floors above.  The gem has frontage and access on two busy streets with huge development opportunity for almost any Concept.  You can add 4 stories by right, but the city will most likely approve 5-7 stories.  There is also the possibility of assembly of neighboring properties.

Building & Real Estate are valued at $2.55MM and $400,000 for the business.

Location: Boston
State: Massachusetts
County: Suffolk County
Parking: Street parking out and private lot in the rear
Lease Terms: Real Estate is included in the sale
Base Rent: Real Estate is included in the sale
Seating: 110 seats
Hours: Open daily 530a-130p
Size: 7,501 square feet Lot (combination of two lots attached)
Concept: Breakfast & Lunch Restaurant
Asking Price: $2,500,000 For the Business and Property
Cash Flow: $200,000 per year
Sales: $800,000 per year
Licenses: C.V.  (The City may issue a free license from the city at this site)
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