Restaurant and Apartment
For Sale
$375,000
61 - 63 Glenallen St, Winchendon, MA 01475
Turnkey building with a 95-seat restaurant and a two-bedroom apartment, supported by recent utility upgrades.
Property Size3,555 SF
Price / SF$105.49
Days on Market224
Property Features for 61 - 63 Glenallen St
General Information
Standard status
Active
Size
3,555 SF
Property subtype
Commercial
Zoning
R10
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$2,201
Building Details
Building Size
3,555 SF
Year Built
1900
Listing Agency:
Castinetti Realty Group
(833) 668-4649
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Jan 29
Changed: Sep 9
Last Checked: Sep 10 at 6:47AM
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 Castinetti Realty Group
Investment Insights
Based on property information with market context.
This for-sale property includes an in-operation 95-seat restaurant plus a two-bedroom apartment within the same building. The restaurant has been operating for 20 years and serves breakfast, lunch, and dinner, while also hosting private functions. The building offers flexibility for an owner-operator arrangement or a buyer looking to convert to other commercial or residential concepts, subject to approvals.
Located at 61-63 Glenallen St in Winchendon, MA 01475, the property is positioned as a long-running community gathering place. The seller notes that the building has served as a place to gather since the prohibitions in the 1930s. Seller will consider seller financing.
Recent upgrades completed during current ownership include a commercial-grade septic system, electric upgrades, new water heaters, and an oil tank. With both restaurant and apartment space under one roof, the property can support continued restaurant/bar use, owner-occupancy with supplemental income, or redevelopment considerations such as conversion to multi-family housing (town approval required). Other reimagination options mentioned by the seller include office space, a brewery, a gift shop, or a creative venue. This is a turnkey presentation designed to move forward with minimal immediate improvements.
Located at 61-63 Glenallen St in Winchendon, MA 01475, the property is positioned as a long-running community gathering place. The seller notes that the building has served as a place to gather since the prohibitions in the 1930s. Seller will consider seller financing.
Recent upgrades completed during current ownership include a commercial-grade septic system, electric upgrades, new water heaters, and an oil tank. With both restaurant and apartment space under one roof, the property can support continued restaurant/bar use, owner-occupancy with supplemental income, or redevelopment considerations such as conversion to multi-family housing (town approval required). Other reimagination options mentioned by the seller include office space, a brewery, a gift shop, or a creative venue. This is a turnkey presentation designed to move forward with minimal immediate improvements.
Key Highlights
- Includes a 95‑seat restaurant in operation and a two‑bedroom apartment in the same building (Year built: 1900).
- Seller financing is being considered.
- Upgrades during current ownership include a commercial‑grade septic system, electric upgrades, new water heaters, and an oil tank.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01475, MA
10,304
Population
4,095
Households
2.5
Avg Household Size
42
Median Age
24%
College-Educated
94%
High-School Grad
42.8 sq mi
ZIP Area
241
Density / Sq Mi
$85,638
Median Household Income
$50,352
Median Earnings
$1,245
Median Rent
$294,900
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey building with a 95-seat restaurant and a two-bedroom apartment, supported by recent utility upgrades.
Where is this conventional restaurant located?
The property is located at 61 - 63 Glenallen St Winchendon, MA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Includes a 95‑seat restaurant in operation and a two‑bedroom apartment in the same building (Year built: 1900).; Seller financing is being considered.; Upgrades during current ownership include a commercial‑grade septic system, electric upgrades, new water heaters, and an oil tank.
