M. Celata Real Estate
268A Broadway, Revere, MA 02151
781-289-7500 | reveremoe@comcast.net

58 Montvale Avenue, Stoneham, MA 02180

Business Opportunity

$239,000
Price

10
Parking Spaces
1,891
Building SQFT
FANTASTIC and very RARE 'turn-key' restaurant opportunity. SUPERB location right next door to the Montvale Plaza. A beautifully built out restaurant offering comfort, class, style and ease of business. Business includes FULL liquor license. Wonderful, clean and easy layout with plenty of room for comfort of dinning. Several custom-made booths with built-in warming plates built into table top. Less than 2 years old most everything is practically new. Newer flooring, lights, paint, fixtures, stainless steel kitchen, etc. Also has two handicap bathrooms. See attached list of items/trade fixtures/supplies/inventory, etc., at an estimated value well over $150,000.00. Reason selling is split of Owner partnership. Current Lease states 1550 square feet (sf), PLUS and additional 341 sf, for a total of 1891sf. Current Lease/Rent is approx $4100 per month, and runs though Sept 30, 2019, with 2 Five-year renewable options. Great opportunity. Great price. Priced to sell.
Open House
No scheduled Open Houses
Highlights
List Price: $239,000
Type of Bus.: Restaurant w/Liquor
Status: Active
Basement: No
Restrooms: 2
Parking Spaces: 10
Building SQFT: 1,891
Year Built: 2014
MLS#: 72105602
Interior
Basement: No
Facilities: Kitchen
Handicap Access: Yes
Restrooms: 2
Exterior
Building SQFT: 1,891
Location: Shopping Mall, Strip
Parking Spaces: 10
System: Telephone
Utilities: Public Water
Taxes
Zoning: C
 
 
Business
Gross Annual Income: $450,000
Inventory Available: Yes
Tenant Expenses: Heat, Air Conditioning, Electric, Water
Reason for Sell: Other (See Remarks)
 
 
Additional
Exclusions: 4-6 extra large pots/pans.
Disclosure Declaration: No
Map
The listing office is M. Celata Real Estate and the listing agent is Gary Ferragamo. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 5/23/2017 9:35:00 PM.
 
Gary Ferragamo
Gary Ferragamo
Vice President
M. Celata Real Estate