61-63 Glenallen St - Restaurant FOR SALE


Winchendon, MA 01475
$450,000 USD

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$450,000 USD
Restaurant - FOR SALE
null | Request Cap Rate

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61-63 Glenallen St
Winchendon, MA 01475


OVERVIEW

This is a fantastic opportunity for someone who wants multiple streams of income. The building offers a two-bedroom apartment that would be great for owner-occupant use or revenue production, and a 95-seat restaurant in operation for 20 years. The restaurant has proven to be a staple in the community, serving breakfast, lunch, and dinner, as well as hosting many private functions, which is no surprise, as this building has been a place to gather since the prohibitions in the 1930's. Consider many options: continue as a thriving restaurant/bar, convert to multi-family housing (town approval required), or reimagine as office space, a brewery, a gift shop, or a creative venue. Upgrades during the current ownership include a commercial-grade septic system, electric upgrades, new water heaters, and an oil tank. This is a turnkey opportunity with immediate cash flow or limitless redevelopment potential. Don’t miss the chance to own this landmark!

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$127 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

R1

APN/PARCEL ID

WINC-000061B-000000-000019

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Michelle PetersonElm Grove RealtyMore Info

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Michelle PetersonElm Grove RealtyMore Info

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