840 Water Street Ln Fitchburg, MA 01420
- Commercial real estate
- 0.64 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 840 Water Street Ln
- Year built
- 1950
- Lot size
- 0.64 lot acres
- Property type
- Commercial real estate
Description
This exceptional turnkey business opportunity is located at 840 Water Street in Fitchburg, MA, on a 0.64-acre lot. The property, currently operating as a successful diner for 27 years under the same ownership, offers immediate income potential. The bright and cheery diner features a drive-through window, central air conditioning with mini-splits, and is fully handicapped accessible. Recent updates include exterior painting, chair replacement, new gas lines, landscaping, and ceiling repairs. Further improvements encompass electrical, plumbing, hot water heater upgrades, and a rubber roof replacement. The building's flexible floor plan and prime location, boasting high traffic counts and highway access, make it ideal for a variety of uses beyond its current configuration. Consider expanding hours to capitalize on increased income potential. Alternative uses could include a coffee house, bakery, retail store, smoke shop, dispensary, house of worship, exercise/yoga studio, or laundromat. The building itself presents a significant investment opportunity due to its location, ample parking, and adaptable layout. This is a rare chance to acquire an established business with significant upside potential in a thriving area. The asking price is $570,000.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fitchburg
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.7827
- Latitude
- 42.568