1 Princeton St Jefferson, MA 01522-1464
- Turn key restaurants
- 4,402 SF
- 0.48 lot acres
Current Use by Public Records
- Isalis / Gift Shop / Boutique
- Party City / Costume Store / Party Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 1 Princeton St
- Year built
- 1850
- Construction
- FRAME
- Lot size
- 0.48 lot acres
- Property size
- 4,402 SF
- Zone code
- C
- Property type
- Turn key restaurants
- APN
- HOLD M:100 B:47
- APU
- HOLDM100B47
Description
This turnkey restaurant opportunity in Holden, MA, presents a unique blend of charm and modern convenience. The Harvest Grille, located at 1 Princeton St, boasts 10,653 square feet and sits on a 0.48-acre lot with 60 parking spaces. Built in 1850 and extensively renovated in 2015, the property features a fully equipped kitchen with new walk-in freezer, tables, booths, and epoxy granite flooring. Exterior improvements include updated vinyl siding and gutters, and a newly paved parking lot. The restaurant includes a private function room, perfect for events, and an outdoor patio. A significant advantage is the adjacent 0.48-acre commercially zoned lot across the street, offering substantial expansion potential. The asking price is $925,000, and the property currently enjoys 100% occupancy. This exceptional location at the crossroads of 122A ensures high visibility and accessibility. The property's combination of ample parking, prime location, and expansion possibilities makes it an attractive investment. Note that an adjacent 4,069 square foot residential building (1650 Main Street), previously used as office space, shares the parking lot and may be purchased separately or with the restaurant.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $245,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $200,000
- 6.5%
- $210,000
- 7%
- $200,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $205,000
- Geo Method
- $200,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $200,000
- Retail
- $190,000
- Mixed-Use
- $185,000
- Hospitality
- $185,000
- Educational
- $165,000
- Residential Income
- $175,000
- Energy
- $210,000
- Income-Based Land
- $215,000
- Food Service
- $220,000
Location Insight
- Map
- Local Demand
- City
- Jefferson
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.882
- Latitude
- 42.3603
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA