Prime investment property in the heart of downtown. This mixed use property has tremendous potential. There are 2 separate buildings: the front building, a Grand Colonial, has an office unit on the first floor and a beautifully renovated spacious 3 BR unit encompassing the second & third floor. The rear building, a two family, has a 1BR unit on the first floor and a 3BR unit on the second & third floor. This building is partially gutted and ready for renovation. Parking spots are available for all units off street. A great location to enjoy all that Stoneham has to offer. Potential to convert all units to residential condos.
For Sale: Highly Profitable, High-Volume Retail Italian Bakery The sale is turnkey and includes all valuable assets: complete front-of-house and back-of-house operations, all modern Furniture, Fixtures, and Equipment (FF&E), a reliable POS system, and the existing business website. Buyer to assume existing lease.
Extremely successful, well established turnkey breakfast & lunch restaurant just outside Stoneham Center — a beloved local destination owned by a respected town family. Recent updates throughout the past three years; all fixtures, furnishings and equipment included. Significant upside: current operation does not utilize its full liquor license and is not open for dinner, creating immediate revenue expansion opportunities. Approvals for residential developments of 70+ condos/apartments are just a 30 second walk away, and planned Town Square revitalization will further boost foot traffic. Key features-Proven, profitable neighborhood eatery with strong local reputation-All FF&E included in sale-Liquor license* in place (transfer may require background checks/re application)-Not currently open for dinner — ready for concept expansion-70+ new residences adjacent; Town Square revitalization upcoming-Recent updates completed within last 3 years
Great to go food restaurant. A quaint place nestled in Stoneham offering a unique selection of artisanal goods and Italian specialty dishes. It's truly a hidden gen, new and special that brings authentic Italian flair to the food take out experience, whether you are picking up lunch or looking for a gourmet meal to go. It's tough for the chef/owner to let this place go because she needs to consolidate assets and move to a bigger place with liquor. The new owner can continue with the menu that already works, seller can provide 2 week-training to learn the dishes, salads, dishes and how to manage the catering side of the business. Basement has plenty of space for storage and for equipment. Lease agreement can be assumed till end of lease term and the new term can be negotiated ahead of time with landlord.
Stoneham is located in Massachusetts. Stoneham, Massachusetts has a population of 23,077. Stoneham is less family-centric than the surrounding county with 33.08% of the households containing married families with children. The county average for households married with children is 35.9%.
The median household income in Stoneham, Massachusetts is $105,541. The median household income for the surrounding county is $111,790 compared to the national median of $69,021. The median age of people living in Stoneham is 42.8 years.
The average high temperature in July is 81.5 degrees, with an average low temperature in January of 16.9 degrees. The average rainfall is approximately 49.6 inches per year, with 51.3 inches of snow per year.
