Scituate Investment/Redevelopment Opportunity 111 Front Street

  109-113 Front St. Scituate, MA  Optimal downtown location in Scituate, Massachusetts. Retail investment property or redevelopment opportunity in the heart of Scituate center. The building is approximately 5,028 SF. Corner lot and over 68' +/- of frontage on Front street. The property is adjacent from Scituate's main municipal parking lot, there is also dedicated parking at the site for 12+ vehicles. The building is serviced by municipal water & sewer. Presently one tenant "Harborside Wine & Spirits" operates at the location. The site also has 5,000 SF of basement space. A new roof/sheathing was installed in 2017 at a $60,000 cost. Their are no long term leases encumbering the property however the tenant has expressed interest in remaining at the location to operate a very popular Scituate liquor store. Development Opportunity A conceptual plan has been prepared by a local engineering firm; 18,000 SF Total building size 5,040 SF Retail 6,480 SF Office 6,480 SF … [Read more...]

Investment Property South Shore

Scituate, MA - ***UNDER AGREEMENT***Landmark mixed use investment property in the heart of Scituate center located in the Harbor business district.  The building is approximately 2,286 SF w/ gross SF of 3,368.   The property abuts Scituate's main municipal parking lot which provide ample parking for the buildings restaurant tenant.  The building is serviced by municipal water & sewer and currently the tenant Riva Restaurant operates a 64 seat restaurants out of the space. The site offers first floor full service restaurant space with second floor offices and storage. The Riva concept has operated since the early 2000's and is presently owned and operated by a successful local restaurant group of which operates other locations on the South Shore. NOI: $79,811 Cap Rate: 7.3% Real estate ONLY. Asking Price $1,095,000 email Adam Bauer abauer@tbxllc.com for complete offering memo … [Read more...]