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    Address Not Disclosed Worcester, MA 01655

    Sponsored
    For Sale
    $1,690,000

    Established Restaurant, 4,000 SF, 30+ Parking

    Property size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Prime opportunity to acquire a thriving restaurant and its real estate in Worcester, Massachusetts. This 4,000 square foot establishment is ideally situated in Worcester County, zip code 01655, offering a highly desirable location for a food service business. The property includes ample parking with 30+ spaces, accommodating both staff and patrons. The restaurant features a full bar and seating for 125 guests, complemented by seasonal outdoor dining. Recent extensive renovations have modernized the space, including new bathrooms, a fully equipped kitchen, walk-in coolers, a state-of-the-art HVAC system, and fire sprinklers. All fixtures, furniture, and equipment (FF&E) are included in the asking price of $1,690,000. The current operation employs 15 people and the seller is offering two weeks of support and training to ensure a smooth transition. The reason for sale is due to the owner pursuing other interests. This turnkey operation presents a unique investment opportunity with significant potential for growth and return. Inventory is also included in the asking price. The address is undisclosed, but a showing can be arranged.

    Property Features for 0 Address Not Disclosed

    General Information

    Property type
    Restaurants
    Square Feet
    4,000 SF

    HighLights

    • Worcester County location.
    • Inventory included in asking price.
    • Real estate included in asking price.
    • 4,000 square foot building.
    • Fifteen employees.
    • Furniture, fixtures, and equipment (FF&E) included in asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7588217
    Latitude
    42.2717443

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    FAQs

    What type of property is this?
    Restaurant - Established Restaurant, 4,000 SF, 30+ Parking
    Where is this restaurant located?
    The property is located at Address Not Disclosed Worcester, MA.
    What is the asking price?
    The asking price for this property is $1,690,000.
    What are key features of this property?
    This property features: Worcester County location.; Inventory included in asking price.; Real estate included in asking price.
    Request Owner's contact information
    Address Not Disclosed Worcester, MA 01655
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    Worcester, MA 01655
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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
    Address Not Disclosed Worcester, MA 01655
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