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Turnkey Equipped Restaurant Space
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83 Morse St, Norwood, MA 02062

Turnkey restaurant suite with main kitchen equipment in place and a proposed 125+ seating plan, plus beer & wine license.

Property Size4,695 SF
Days on Market563

Property Features for 83 Morse St

General Information

Standard status Active
Size 4,695 SF
Property subtype RETAIL
Lease Type SF/yr
Listing Agency: Ellis Realty Advisors
Listed By: Kerrick Pierce
Source: Moodyscre
Added: Jan 13, 2025 Changed: Jul 28 Last Checked: Jul 29 at 12:19PM

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 Ellis Realty Advisors

Investment Insights

Based on property information with market context.

This turnkey restaurant space is planned to be finished in fall/winter 2024 and includes main kitchen equipment already in place. The space totals 4,695 square feet across multiple levels and is designed for a proposed seating count of 125+.

The restaurant operates within a facility home to Luke Adams Glass, including glass blowing classes and the manufacture of custom glass pieces. A beer & wine license is noted for the space, and additional mezzanine space and a patio are also listed as available.

Ownership is seeking a seasoned operator to bring a creative concept to the premises.

Key Highlights

  • Proposed turnkey restaurant suite with main kitchen equipment in place
  • 4,695 sq ft restaurant space on multiple levels, with finish planned for fall/winter 2024
  • Proposed seating for 125+

Property Analytics

Current Use

Clarity Experiences IT Consulting Firm The Drawer Guy Hardware & Home Improvement The Restoration Operators Hardware & Home Improvement Night Knight Department Store

Suggested Use

Top Pick Real Estate Agency Pharmacy Dental Office Hair Salon Restaurant Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$6.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

902
Businesses Nearby
Under-served
Demand for This Use

Demographics for 02062, MA

31,611
Population
13,961
Households
2.3
Avg Household Size
41
Median Age
53%
College-Educated
93%
High-School Grad
10.5 sq mi
ZIP Area
3,011
Density / Sq Mi
$97,110
Median Household Income
$60,434
Median Earnings
$2,056
Median Rent
$613,500
Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Turnkey restaurant suite with main kitchen equipment in place and a proposed 125+ seating plan, plus beer & wine license.
Where is this conventional restaurant located?
The property is located at 83 Morse St Norwood, MA.
What is the lease rate?
The lease rate is $42 SF/Yr.
What are key features of this property?
This property features: Proposed turnkey restaurant suite with main kitchen equipment in place; 4,695 sq ft restaurant space on multiple levels, with finish planned for fall/winter 2024; Proposed seating for 125+
(781) 919-0800 Call to check price and availability
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