SOLD! Scituate Investment/Redevelopment Opportunity 111 Front Street

 

109-113 Front St. Scituate, MA 

***SOLD*** Adam Bauer President of The Business Exchange exclusively arranged the sale of 111 Front Street for $1.49 MM to Front Street Management LLC.  Matthew Prior of Rollstone Bank arranged the financing.  Tracy Hoeger Esq. of Sassoon & Cymrot LLP represented the buyer and Neil Golden of Gilmartin & Magence LLP represented the Seller.  Look for an exciting new tenant coming soon to front street!

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.