Updated Downtown Restaurant
For Sale
$450,000
9 Sterling St, Clinton, MA 01510
Restaurant equipment is included with the real estate in a downtown commercial setting.
Property Size1,920 SF
Days on Market57
Property Features for 9 Sterling St
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Commercial
Additional Details
Equipment Included
Yes
Building Details
Building Size
1,920 SF
Year Built
1920
Listing Agency:
Pablo Maia Realty
(508) 875-0102
Listed By:
Rodrigo Azevedo · License #9584202
(508) 320-6053
Source:
Iverty
Added: Aug 21
Changed: Oct 15
Last Checked: Oct 15 at 12:13AM
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 Pablo Maia Realty
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Investment Insights
Based on property information with market context.
This downtown commercial building is configured with existing restaurant infrastructure and included restaurant equipment. The property has undergone updates and is offered as a combined real estate and food-service facility. Built in 1920, the building is located at 9 Sterling Street in Clinton, Massachusetts.
The property sits in a downtown setting near local businesses, shops, services, and amenities. Its existing restaurant components provide a physical foundation for continued food-service use, subject to applicable approvals and requirements.
The property sits in a downtown setting near local businesses, shops, services, and amenities. Its existing restaurant components provide a physical foundation for continued food-service use, subject to applicable approvals and requirements.
Key Highlights
- Existing restaurant infrastructure and equipment included
- Updated downtown commercial building
- Built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,420
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,400
$608.4K
Cap Rate 7%
$434,571
$434.6K
Cap Rate 9%
$338,000
$338.0K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$41.5K $21.60/SF
− Vacancy
−$912 −$0.48/SF
EGI
$40.6K $21.12/SF
− OpEx
−$10.1K −$5.28/SF
NOI
$30.4K $15.84/SF
Area
Worcester County, MA
Vacancy
2.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,400
Cap Rate 7%
$434,571
Cap Rate 9%
$338,000
Alternative Uses
Best Use
Specialty Retail
$434.6K
$380.3K – $507.0K
NOI $30,420 @ 7.0% cap · market cap 6.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$655.7K
$573.7K – $764.9K
NOI $45,896 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
736
Businesses Nearby
50k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 42%
Dining 25%
Shops & Services 24%
Home Improvements & Furnishings 9%
Hannaford
Groceries
20,686 visits/mo
0.3 miles
Dunkin' Donuts
Dining
11,155 visits/mo
0.2 miles
Aubuchon Hardware
Home Improvements & Furnishings
4,362 visits/mo
0.3 miles
Sunoco
Shops & Services
3,959 visits/mo
0.1 miles
Advance Auto Parts
Shops & Services
3,190 visits/mo
0.3 miles
Demographics for 01510, MA
15,428
Population
7,017
Households
2.2
Avg Household Size
39
Median Age
35%
College-Educated
91%
High-School Grad
5.7 sq mi
ZIP Area
2,707
Density / Sq Mi
$93,849
Median Household Income
$49,815
Median Earnings
$1,353
Median Rent
$348,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant equipment is included with the real estate in a downtown commercial setting.
Where is this conventional restaurant located?
The property is located at 9 Sterling St Clinton, MA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Existing restaurant infrastructure and equipment included; Updated downtown commercial building; Built in 1920
