The liquor license, kitchen equipment, furniture, and memorabilia are up for public auction as The Ship restaurant in Lynnfield sails into the sunset.
The captain’s wheels and the model ships that gave the place its “Ahoy, matey” vibe will also go to the highest bidder.
The auction will be Wednesday, Feb. 15, at the closed restaurant on Route 1, one week before the Lynnfield Historical Society is scheduled to vote on whether the boat-shaped restaurant, erected in 1930, holds historic significance.
A deposit of $25,000 is required to bid on the seven-day liquor license, according to E.F. Smith & Son, a restaurant equipment supplier that is holding the auction. Bids on the license are due by 10:30 a.m.; the contents will be auctioned at 11 a.m.
The property owner, Ship Mall LLC, a subsidiary of Allston-based Micozzi Management Inc., plans to replace The Ship with a retail complex that includes a building containing 7,580 square feet of retail space, a 2,500-square-foot coffee shop with a drive-through, and a 2,500-square-foot building that will house a branch of East Boston Savings Bank.
“There’s no need for the liquor license any longer, because we’re not planning a full restaurant,” said Ted Regnante, an attorney for Micozzi.
Under current plans, the Christmas Tree Shops, adjacent to The Ship, will remain but with new signage, said Kathy Randele of Lynnfield’s planning department.
The Ship is the latest notable Route 1 establishment to face the wrecking ball. In 2015, the Hilltop Steakhouse and Weylu’s were demolished. Last year, Route 1 Miniature Golf & Batting Cages shut down to make room for a new development. All three sites are in Saugus.
Lynnfield, a town of nearly 10,000 residents, holds a total of 12 general-on-premises liquor licenses and one club license from the state Alcoholic Beverages Control Commission, said Robert Curtin, assistant to the town administrator.
The Ship started as a small refreshment stand in 1925, according to its website. Five years later, the boat-like structure built onsite opened its doors.
Since then, the restaurant has changed hands a number of times. Ship Mall LLC, bought it from Stella Lynnfield Realty Trust for $16.8 million in 2007, according to the Lynnfield assessors department.
In addition to the liquor license, Ship Mall LLC will auction off tables, an air conditioning system, kitchen systems, and other items.
The Lynnfield Zoning Board of Appeals will continue discussion of the project March 7. Regnante is scheduled to appear before the town’s Conservation Commission Feb. 21 and the Historical Commission Feb 22.