Turnkey Restaurant
660 Spring St Winchendon, MA 01475
660 Spring St, Winchendon, MA, 01475
$645,000
For Sale
$645,000
Turnkey restaurant with a massive commercial kitchen, dining areas, on-site office, and generous parking on Route 12.
Property Size5,578 SF
Lot Size14.60 Acres
Price / SF$115.63
Days on Market46
Property Features for 660 Spring St
General Information
- Standard status
- Active
- Size
- 5,578 SF
- Lot size
- 14.60 Acres
Building Details
- Year Built
- 1951
Listing agency
NAI Glickman Kovago & Jacobs
(508) 769-5007
Listed by
James Glickman · License ##9001209
Source
413realestate
Added: Jun 6 Updated: Jul 20 at 10:07PM Checked: Jul 21 at 2:58AM
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 NAI Glickman Kovago & Jacobs
Investment Insights
Based on property information with market context.
Turnkey restaurant space for sale with a fully equipped commercial kitchen and spacious dining areas. The building totals 5,578 square feet and includes an on-site office, supporting day-to-day operations for a new owner-operator. The property has been operated previously as the Carriage House Restaurant and more recently as El Toro, and it is presented ready for continued restaurant use.
Located at 660 Spring Street in Winchendon, Massachusetts, the property sits on Route 12 with excellent roadside exposure. Convenient access is noted to Route 202 and I-190, supporting visibility and practical connectivity within North Central Massachusetts.
The offering also includes generous parking and sits on 14.6 acres, giving the site room to accommodate restaurant operations and guest vehicle parking.
Located at 660 Spring Street in Winchendon, Massachusetts, the property sits on Route 12 with excellent roadside exposure. Convenient access is noted to Route 202 and I-190, supporting visibility and practical connectivity within North Central Massachusetts.
The offering also includes generous parking and sits on 14.6 acres, giving the site room to accommodate restaurant operations and guest vehicle parking.
Key Highlights
- Fully equipped 5,578 SF former restaurant with a massive commercial kitchen
- Spacious dining areas plus an on‑site office
- Restaurant space on Route 12 with roadside exposure
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.0k | $13.80 |
| − Vacancy | −$4.2k | −$0.76 |
| EGI | $72.7k | $13.04 |
| − OpEx | −$21.8k | −$3.91 |
| NOI | $50.9k | $9.13 |
5,578 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.26M
$1.10M – $1.47M
NOI $88,376 @ 7.0% cap · market cap 13.70%
Second Best
Industrial
$727.4K
$636.5K – $848.7K
NOI $50,920 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$1.90M
$1.67M – $2.22M
NOI $133,337 @ 7.0% cap · market cap 20.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Turnkey restaurant with a massive commercial kitchen, dining areas, on-site office, and generous parking on Route 12.
Where is this conventional restaurant located?
The property is located at 660 Spring St Winchendon, MA.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Fully equipped 5,578 SF former restaurant with a massive commercial kitchen; Spacious dining areas plus an on‑site office; Restaurant space on Route 12 with roadside exposure
