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    OFF-MARKET Estimated value $520,000
    Turn key restaurants

    1030 Central St, Leominster, MA 01453-4804

    4,534 SF 0.55 ac lot Built 1955
    Individually Owned Free & Clear
    Property ID
    US38-0714516
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1955
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 4,534 SF
    Lot 0.55 ac (23,761 SF)
    APN LEOM M:0317 B:0008 L:0000
    UPID US38-0714516
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Forty's Bar & Pub
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $549k
    Blend (final) Blend
    $520k
    Owner & transaction history
    Brooks Pond II RT
    Brooks Pond II RT
    since 2025
    Last sale
    $720,000
    5 recorded transactions
    2025
    2025
    $720,000
    2024
    2004
    1997
    $325,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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