240 Essex St | Haverhill, MA 01832
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240 Essex St
Haverhill, MA 01832
Lantern Cafe · Retail Property For Sale
Investment Highlights
- Located in Opportunity Zone 2608, which may offer incentives for redevelopment.
- All furniture, fixtures, and equipment are included in the sale as well as all transferrable licenses.
- Close to bus and train terminals and public parking lots.
Executive Summary
An Opportunity Zone value add mixed-use opportunity! The Lantern Cafe has been a fixture in Haverhill for over 40 years and is ready to turn the reigns over to a new owner or a developer with vision. This local bar is licensed for 55 capacity with 16 at the bar. In addition to the street-level bar, there is a two-bedroom apartment above. This is located in Opportunity Zone 2608, which may offer incentives for redevelopment.
The 2,370sf structure is situated on a .048-acre lot in the commercial zone, which allows many uses by right or exception. A 660sf basement not included in the stated square footage is currently used for storage. Close to bus & train terminals and public parking lots. All furniture, fixtures, and equipment are included in the sale as well as all transferrable licenses.
All information was obtained from the seller and public records, prospective buyers are encouraged to perform all due diligence necessary for their contemplated acquisition.
The 2,370sf structure is situated on a .048-acre lot in the commercial zone, which allows many uses by right or exception. A 660sf basement not included in the stated square footage is currently used for storage. Close to bus & train terminals and public parking lots. All furniture, fixtures, and equipment are included in the sale as well as all transferrable licenses.
All information was obtained from the seller and public records, prospective buyers are encouraged to perform all due diligence necessary for their contemplated acquisition.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,370 SF
Year Built
1900
Price
$1,066,597 CAD
Price Per SF
$450 CAD
Percent Leased
Vacant
Building Height
2 Stories
Building FAR
1.36
Lot Size
0.04 AC
Opportunity Zone
Yes
Zoning
CI
Parking
2 Spaces (0.84 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | HAVE-000515-000297-000018 | Improvements Assessment | $176,913 CAD |
| Land Assessment | $111,637 CAD | Total Assessment | $288,550 CAD |
PROPERTY TAXES
Parcel Number
HAVE-000515-000297-000018
Land Assessment
$111,637 CAD
Improvements Assessment
$176,913 CAD
Total Assessment
$288,550 CAD
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