Free-Standing Bar and
For Sale
$980,000
113 Summer St, Lunenburg, MA 01462
Turnkey free-standing bar and restaurant includes all FF&E plus an additional residential unit.
Days on Market25
Property Features for 113 Summer St
General Information
Standard status
Active
Property subtype
Commercial
Additional Details
Furnished
Yes
Business Included
Yes
Amenities
ample on-site parking
Building Details
Building Size
1,938 SF
Year Built
1938
Listing Agency:
ERA Key Realty Services-Bay State Group
(508) 935-7381
Listed By:
Will Rose · License #452508574
(508) 935-7381
Source:
Iverty
Added: Jul 8
Changed: Jul 26
Last Checked: Aug 1 at 5:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ERA Key Realty Services-Bay State Group
Investment Insights
Based on property information with market context.
This free-standing bar and restaurant is offered as a turnkey operation, with the sale including furniture, fixtures, equipment, and business assets for a seamless transition. The property also includes an additional residential unit, providing flexibility for owner-occupancy or supplemental income.
The business is located with convenient access and ample on-site parking. The property is positioned as a long-established neighborhood gathering spot with a loyal customer base.
Overall, the offering combines a fully equipped operating restaurant and bar with a separate residential component on the same property.
The business is located with convenient access and ample on-site parking. The property is positioned as a long-established neighborhood gathering spot with a loyal customer base.
Overall, the offering combines a fully equipped operating restaurant and bar with a separate residential component on the same property.
Key Highlights
- Year built 1938 for the free‑standing bar and restaurant
- Free‑standing bar and restaurant with an additional residential unit
- Sale includes all furniture, fixtures, equipment, and business assets (FF&E)
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.9k | $21.60 |
| − Vacancy | −$921 | −$0.48 |
| EGI | $40.9k | $21.12 |
| − OpEx | −$10.2k | −$5.28 |
| NOI | $30.7k | $15.84 |
1,938 SF · lease $21.60/SF/yr · vacancy 2.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$438.6K
$383.8K – $511.8K
NOI $30,705 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$661.8K
$579.1K – $772.1K
NOI $46,326 @ 7.0% cap · market cap 4.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
6k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
TD Bank
Shops & Services
4,829 visits/mo
0.5 miles
The Peterbilt Store - Fitchburg
Shops & Services
687 visits/mo
0.5 miles
Demographics for 01462, MA
11,818
Population
4,711
Households
2.5
Avg Household Size
44
Median Age
45%
College-Educated
94%
High-School Grad
26.6 sq mi
ZIP Area
444
Density / Sq Mi
$109,884
Median Household Income
$58,844
Median Earnings
$1,784
Median Rent
$442,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Legends Bar & Grille — 68 Airport Rd, Fitchburg, MA 01420
- Paddock — 1426 Water St, Fitchburg, MA 01420
- 99 Restaurants — 275 Summer St, Fitchburg, MA 01420
- American Graffiti — 113 Summer St, Lunenburg, MA 01462
- Mill City Pub — 19 Airport Rd, Fitchburg, MA 01420
Frequently Asked Questions
What type of property is this?
Bar & Pub - Turnkey free-standing bar and restaurant includes all FF&E plus an additional residential unit.
Where is this bar & pub located?
The property is located at 113 Summer St Lunenburg, MA.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Year built 1938 for the free‑standing bar and restaurant; Free‑standing bar and restaurant with an additional residential unit; Sale includes all furniture, fixtures, equipment, and business assets (FF&E)
