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1 School St, Marblehead, MA 01945$2,600,000

3
beds
3.5
baths
5447
ft2
· 5761
ft2 lot
$477 / ft2

Listing provided courtesy of The Murray Brown Group, Sagan Harborside Sotheby's International Realty
Source MLS PIN;
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Rare opportunity to own a landmark building in the world-famous seaside town of Marblehead! Nestled amongst historic buildings and robust businesses in the heart of downtown, the Brogna Building was built in 2005. It is currently home to a very successful pizzeria, which has been operating on this site for the last 41 years! The beautiful brick building houses the turn-key, 60-seat restaurant on the first floor and two apartments (one 1-bedroom and one 2-bedroom) on the second. These sun-filled units have high ceilings, huge windows, in-unit laundry, open floor plans, and hardwood floors. Currently great rentals, they could potentially be condoized. Back to the restaurant, the kitchen boasts 2 pizza ovens, a 4-foot grill, 2 fryolators, and a 12-foot hood vent with an ancillary system + much more. Parking for 8 cars off-street plus plenty of on-street parking. Everything is in place to make your mark and start feeding the people of Marblehead! There are so many possibilities for growth!

HOA

No HOA

On market

8 months

Year built

2005

Property type

3 Family

Parking

8

MLS

73004294

Price / Sq.Ft.

$477 / ft2

Status

Active

Buyer’s Brokerage Commission

2%

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Home details for 1 School St

Interior Features & Layout
Bathrooms Info
•   
Full Baths: 2
•   
Half Baths: 3
•   
Total Bathrooms: 5
Rooms Info
•   
Total Rooms: 9
Property, Lot, Community & Exterior Features
Building Info
•   
Building Area Source: Public Records
•   
Building Area Units: Square Feet
•   
Roof: Rubber
•   
Foundation Details: Slab
•   
Total Sq. Ft.: 5447
•   
MLS Property Type: Residential Income
•   
Number of Stories: 5
•   
Year Built Source: Public Records
•   
Construction Materials: Brick
•   
Year Built Details: Actual
Multi-Unit Info
•   
Number Of Units Total: 3
Parking Info
•   
Parking Features: Off Street
•   
Parking Spaces: 8
Lot Info
•   
Zoning Type: B1
•   
Lot Details: Corner Lot
•   
Lot Size Area: 5761
•   
Acres: 0.13
•   
Lot Size Units: Acres
Community Info
•   
Number Of Units In Community: 3
•   
Community Features: Public Transportation, Shopping
Utilities & Other Information
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Income: 150000
Terms
•   
Terms: Other (See Remarks)
Lease Info
•   
Net Operating Income: 150000
•   
Monthly Rent: 12500
Listing Details
•   
Seller Disclosure: B1 Zoning allows for multiple uses. See attached document.
•   
Status: Active
•   
Originating System Name: MLS Property Information Network
Tax/Assessment Info
•   
Tax Year: 2022
•   
Assessed Value: 1168000
•   
Taxes: 12296
•   
APN: M:0129 B:0023 L:0, 2024751
School Neighborhood & Directions
Location
•   
Zip Code: 01945
•   
Zip Code +4: 3326
•   
Directions: Pleasant Street to School
•   
Country: US
Other
Calculation
•   
Price Per Square Foot: 477.33

Property History for 1 School St

05/31/2022
05/31/2022
MLS PIN #73004294
active
MLS PIN #73004294
$2,600,000

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