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    885 Main St Tewksbury, MA 01876

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    For Sale
    $999,800

    Restaurant with 200 seats, function room, full liquor license.

    Lot size:
    1.00 Acre

    Property Features for 885 Main St

    General Information

    Lot size
    1.00 Acre

    Building Details

    Year built
    1930

    Source: Bettencourt Real Estate Agent Sandra Bettencourt

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

    Overview

    Prime Restaurant Location on Route

    This stand-alone building, formerly a well-established restaurant with over 34 years of patronage, presents a rare opportunity. The property features a main dining area with 200 seats, plus a 30-seat function room equipped with its own bar, suitable for private events. The sale includes the real estate and business assets, along with the transfer of all business operating licenses, including a full liquor license. The property is part of a condo association, with a monthly condo fee covering landscaping and snow removal. The fully equipped, turn-key business includes a spacious kitchen, walk-in cooler, and ample on-site common parking. Located in an ultra-high-traffic area, the property offers the opportunity to continue the current successful concept, or create a new one. The building can also be redeveloped for another use, subject to buyer due diligence.
    Insight Report Location Intelligence

    Current Use by Public Records

    Stephanie Dimino Physical Therapist Quamme Kimberly Physical Therapist Louis Coiro, PT Physical Therapist Dance Expressions Dance School Boston Bartenders School Bartending School

    Suggested Use

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

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

    Similar Places Nearby

    Battlegreen Food Services, French's Catering

    Location Insight

    • Map
    • Local Demand
    City
    Tewksbury
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2400374
    Latitude
    42.6136687

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    FAQs

    What type of property is this?
    Restaurant - Restaurant with 200 seats, function room, full liquor license.
    Where is this restaurant located?
    The property is located at 885 Main St Tewksbury, MA.
    What is the asking price?
    The asking price for this property is $999,800.
    What are key features of this property?
    This property features: - Prime restaurant location on Route 38 in a high-traffic area; - Turn-key restaurant business opportunity with existing assets and licenses; - Includes a full liquor license
    (617) 416-2289
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    885 Main St Tewksbury, MA 01876
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    Tewksbury, MA 01876
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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
    885 Main St Tewksbury, MA 01876
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