1030 Central St, Leominster, MA 01453-4804
This exceptional commercial property, located at 1030 Central Street in Leominster, Massachusetts, presents a unique investment opportunity. The 0.55-acre lot encompasses a 4,534 square foot building, previously operating as a successful restaurant and bar. The property boasts ample parking, catering to the high volume of traffic on Route 12, a busy thoroughfare. The interior features a fully equipped kitchen, ready for immediate use, a substantial bar area perfect for entertaining, a walk-in cooler for efficient food storage, a stage ideal for live performances or events, and a dedicated pool room complete with tables. Its strategic location on the south side of Route 12 places it directly across from a large strip mall, ensuring high visibility and foot traffic. The property's history as a thriving business speaks to its potential for continued success under new ownership. While interior photos are forthcoming, the existing infrastructure and prime location make this a compelling investment opportunity in a vibrant commercial area of Worcester County. The asking price is $700,000. This property is zoned for commercial use and offers significant potential for a variety of businesses. The property is located in zip code 01453.
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Forty's Bar & Pub
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.