CCertihomes
150 Main St, Peabody, MA 01960

$400,000

0 beds 0 baths Built 2022Active

About this home

This distinguished restaurant, boasting a liquor license, is strategically situated in a vibrant strip plaza on Main Street, nestled in the bustling downtown vicinity surrounded by offices, schools, churches, and residential areas. Spanning approximately 4, 400 square feet, the establishment accommodates 42 seats and holds a Common Victualler License. The monthly rent, inclusive of taxes, amounts to $4, 200. The asking price for this well-appointed venture is $400, 000. It is a great opportunity to open your luxury restaurant without having to go through all the construction and finishing processes. It is good for the franchise restaurants.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.2% APR.

Your estimated payment
$4,085/mo

Real estate (PITI + HOA + PMI)
$3,701
Principal + interest$2,579
Property tax + insurance$972
PMI / 2nd mortgage$150
Utilities
$614
Heating + cooling$145
Internet + TV + phone$158
Water + sewer + garbage$58
Transportation
$123
Car insurance + maintenance$123
Other (entertainment)
$158
$4,085/mo TLC
Budget$5,000/mo
Remaining after TLC$915/mo
Purchase price
$400,000
Down payment
$20,000 (5%)
Loan amount
$380,000
APR
7.2%

Quick facts

Type
BU
Style
Year built
2022
Lot size
Stories
0
Heating
Cooling
Water
HOA
Annual tax
MLS #
73193293
County
Essex

Neighborhood — 01960

MetricThis ZIPCountyUSA
Population48,9266,444,931299,088,112
Population Change Since19904.00%7.00%20.00%
Population Density2,902786
Male23,6833,127,134147,432,321
Female25,2433,317,797151,655,844
Never Married10,0561,612,88563,775,926
Married22,3862,586,314123,120,365
Separated1,255247,85712,639,686
Widowed3,273363,59415,467,586
Divorced3,366436,88823,075,029
Number Of House Hold18,9592,431,591111,826,380
Average House Hold Size2.552.562.60
Medial Age40.6237.2535.46
Median House Hold Income$61,346$57,698$48,276
Average House Hold Income$68,169$75,023$63,629
P C I$27,357$29,196$24,529
M D I$50,765$48,105$41,133
A T H E$53,942$57,083$50,898
S T R5.00%5.00%
W C J79.00%81.38%77.74%
(Zip) Code
1960

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

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Listing information last refreshed 1/13/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.