Mikael R. Vienneau Of Rip Tide Lounge Acquires 116 Pleasant Street Mixed-use Property In Marblehead, MA From George Ciampa For $1M

The Rip Tide Lounge, an iconic dive bar located at 116 Pleasant Street in Marblehead, MA, has been sold in a recent transaction. The buyer of the mixed-use property is Mikael R. Vienneau, who is also the owner of Rip Tide Lounge. The seller is George Ciampa. The sale price for the property was $1,000,000, with a total square footage of 3,917. The price per square foot was $255.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $1,000,000
• Property Address: 116 Pleasant Street, Marblehead, MA
• Market: Marblehead, MA
• Buyer: Mikael R. Vienneau - Rip Tide Lounge
• Seller: George Ciampa
• Total Square Footage: 3,917
• Price Per Square Foot: $255

Mikael R. Vienneau, the buyer and owner of Rip Tide Lounge, plans to undertake a historical renovation of the property. The goal is to complete the renovation and reopen the Rip Tide Lounge before the end of the year. Broadway Capital Inc. is working on the renovation process.