Main StFitchburg, MA 01420

Property Details for Main St

Year built

1930

Lot size

0.43 AC

Property type

Other commercial real estate

Description

This unique 0.43-acre commercial property in Fitchburg, MA, presents a remarkable investment opportunity. Situated on a desirable corner lot between two parking garages, the property boasts a diverse range of existing businesses and significant development potential. Currently, the site includes a well-established candlepin bowling alley, two residential apartments, and an HVAC school approved by the Zoning Board of Appeals. Further enhancing its versatility, an indoor recreation facility with a bar and restaurant, approved by the Planning Board, is already in place. A consignment shop and a second restaurant are also under development, adding to the property's robust income potential. This thriving location benefits from Fitchburg's revitalization efforts, with the addition of a new theatre block, numerous restaurants, new housing developments, and burgeoning businesses contributing to a dynamic and growing downtown area. The property's electric service received a significant upgrade in March 2024, ensuring modern and reliable power. The seller is open to considering some financing options, making this an even more attractive proposition for prospective buyers. Recent photographs showcase the property's current condition and the completed fit-up. This is a rare chance to acquire a multi-faceted commercial property in a rapidly developing area, offering immediate income and substantial long-term growth prospects. The diverse range of existing businesses and the potential for further expansion make this an exceptional investment opportunity.

Location Insight

City

Fitchburg

County

Worcester

State

Massachusetts

Latitude

42.5817

Longitude

-71.7909

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