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    56 Canal St Millbury, MA 01527

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    For Lease
    $17 SF/Yr ($4,437 /Mo)

    3000 sq ft restaurant space with turnkey equipment available.

    Property size:
    3,000 SF
    Lot size:
    0.81 Acres

    Property Features for 56 Canal St

    General Information

    Size
    3,000 SF
    Lot size
    0.81 Acres

    Source: Commercial Property Specialists Agent Nancy Elliott

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant Opportunity in Millbury

    This 3000 sq ft stand-alone building presents an opportunity for a fast food business. The property includes equipment such as a pizza oven, hood, walk-in cooler, and an ice cream window. Located at the crossroads of Canal Street and 122A (Providence Street) and abutting the Riverside Mart Gas Station, the property offers visibility from both directions. The tenant is responsible for electric (separately metered), internal cleaning, and internet services.
    Insight Report Location Intelligence

    Current Use by Public Records

    Rosso's Pizza & Ice ... Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Millbury
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7549143
    Latitude
    42.1927235

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    FAQs

    What type of property is this?
    Restaurant - 3000 sq ft restaurant space with turnkey equipment available.
    Where is this restaurant located?
    The property is located at 56 Canal St Millbury, MA.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: - Turnkey fast food business opportunity with existing equipment.; - High-visibility location at the intersection of Canal Street and 122A (Providence Street), next to Riverside Mart Gas Station.; - Spacious 3000 sq ft stand-alone building.
    (508) 868-2540
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    56 Canal St Millbury, MA 01527
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    Millbury, MA 01527
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    56 Canal St Millbury, MA 01527
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