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.
Property Size1,938 SF
Days on Market116
Property Features for 113 Summer St
General Information
Standard status
Active
Size
1,938 SF
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) 376-8200
Listed By:
Will Rose
(508) 935-7381
Source:
Iverty
Added: Jul 8
Changed: Oct 31
Last Checked: Oct 30 at 3:53PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$30,705
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$614,100
$614.1K
Cap Rate 7%
$438,643
$438.6K
Cap Rate 9%
$341,167
$341.2K
Market Conditions
NOI Build-Up for 1,938 SF
Gross rent
$41.9K $21.60/SF
− Vacancy
−$921 −$0.48/SF
EGI
$40.9K $21.12/SF
− OpEx
−$10.2K −$5.28/SF
NOI
$30.7K $15.84/SF
Area
Worcester County, MA
Vacancy
2.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$614,100
Cap Rate 7%
$438,643
Cap Rate 9%
$341,167
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Paddock — 1426 Water St, Fitchburg, MA 01420
- Legends Bar & Grille — 68 Airport Rd, Fitchburg, MA 01420
- Mill City Pub — 19 Airport Rd, Fitchburg, MA 01420
- American Graffiti — 113 Summer St, Lunenburg, MA 01462
- 99 Restaurants — 275 Summer St, 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)
