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You are here:
Home Massachusetts Lynn Businesses for Sale

227 Union St Lynn, MA 01901

28 Days on Boston Pads
8 Photos
$99,000
Type: Restaurant w/Liquor
Org Type: N/A
SQFT: N/A
1 Restroom
227 Union St
Lynn, MA 01901

Property Description

A full-service restaurant located in Downtown Lynn District Massachusetts. The restaurant features an authentic Venezuelancuisine menu of moderately priced "comfort", The restaurant has been operating since March 13th of 2016. It is equipped with awebsite that help customers order ahead for a pick-up, delivery or catering. Additionally, it partners with several food deliveriesapps, UberEats, Grubhub, DoorDash, Instacart and Caviar. This restaurant is the first in Lynn to establish work relationship withUber to developed UberEats in the city. The sale also includes a commercial business van that is in use for catering, deliveries andgoods purchasing. Wine and beer license included. Two weeks training is being offered.

Property Overview

Property Details click or tap to expand

Business Information

  • Special Licanses: Yes
  • Documents on File: Appraisal, Environmental Impact Study, Lease Agreement, May Show Books, Owner Provided, Pro. Forma, Recorded Plat, Restrictive Covenants, Soil Survey, Tax Return

Financial Information

  • Gross Annual Expenses: 117467
  • Gross Annual Income: 211971
  • Net Operating Income: 54882
  • Tenant Expenses: Air Conditioning, Electric, Heat, Taxes, Trash Service

Building & Lot Information

  • Restrooms: 1
  • Building Construction: Brick
  • Utilities: Public Sewer, Public Water
  • Last Updated: 05/02/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
05/02/2024Active$99,000MLSPIN
04/28/2024Extended$99,000MLSPIN
04/09/2024Active$99,000MLSPIN
04/05/2024New$99,000MLSPIN
12/01/2023Expired$120,000MLSPIN
09/21/2023Active$120,000MLSPIN
09/17/2023Price Change$120,000MLSPIN
08/04/2023Active$160,000MLSPIN
07/31/2023Extended$160,000MLSPIN
06/03/2023Active$160,000MLSPIN
05/30/2023Extended$160,000MLSPIN
05/26/2023Active$160,000MLSPIN
05/22/2023Back on Market$160,000MLSPIN
05/19/2023Contingent$160,000MLSPIN
04/01/2023Active$160,000MLSPIN
03/28/2023New$160,000MLSPIN
03/28/2023Canceled$160,000MLSPIN
01/23/2023Active$160,000MLSPIN
01/19/2023New$160,000MLSPIN

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View Breakdown

Seller's Representative: Jose Rojas, Success! Real Estate
Sub Agent Compensation: n/a
Buyer Agent Compensation: 1.5
Facilitator Compensation: 1
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information 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 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 its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-05-02 03:05:00

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