Prime Real Estate Land for lease with 5,400 sf of existing restaurant on 36,028 sf of land. Well known Sea Witch Restaurant and Fish Market, located conveniently on busy Route 1 In Peabody. Excellent visibility from north and southbound sides of Route 1 and abuts highly traveled Interstate 95. The owner is open to tenant’s business use. Tenant may continue use as existing, highly profitable Seafood Restaurant and Fish Market or will allow building to be demised for a new use. Owner will offer assistance with new owner to make transition seamless of restaurant and fish market accounts. Major retailers and national food chains welcome. Zoned for Full liquor license available to new business per City of Peabody on a first come basis. Current owner of restaurant looking to retire but will remain owner of the property. Tenant will have first right to buy land + billboard. Call list agent for further details. Taxes 20,992.58 per year, Insurance 4,000 per year. Lobster Market License transferable with new owner. Lease price $10,000/month +NNN. Beer & Wine Only. Traffic Count, Demographics, & Ring Study available upon request. New leasee will have 1st right of refusal to buy property + billboard. LEASE IS $7,000/month!
