139 Grn St Worcester, MA 01604-4125
- Turn key restaurants
- 3,342 SF
- 0.13 lot acres
Jun 13, 2024
Current Use by Public Records
- Turn key restaurants
Property Details for 139 Grn St
- Year built
- 1925
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.13 lot acres
- Property size
- 3,342 SF
- Zone code
- BG-4
- Property type
- Turn key restaurants
- APN
- WORC M:05 B:005 L:00015
- APU
- WORCM05B005L00015
Description
This turnkey restaurant and bar opportunity is located at 139 Green St, Worcester, MA 01604. The 3,350 square foot space sits on a 5,670 square foot lot and boasts a beautifully appointed interior. The main dining area comfortably seats 80 patrons, complemented by a 20-seat bar. Seasonal outdoor seating further expands capacity. The kitchen is fully equipped with a hood system, grease traps, and a dishwasher, ensuring efficient operation. A lower level features a prep kitchen and walk-in coolers, optimizing workflow and storage. This second-generation restaurant space benefits from its location in a high-traffic area, adjacent to Polar Park and the Worcester Public Market, guaranteeing significant foot traffic and visibility. The entire ±4,000 square foot building is included in the sale price. This exceptional opportunity combines a well-established business with a desirable location, making it an ideal investment for experienced restaurateurs. The property's prime location and existing infrastructure provide a solid foundation for continued success and growth. This is a rare chance to acquire a thriving business and building in a vibrant and expanding area of Worcester.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $680,000
- ML approach
- $680,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $673,000
Market price range: $448k - $1.10M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $695,000 Current use
- AUTO REPAIR, GARAGE
- $570,000 Change: -18% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Worcester
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.7982
- Latitude
- 42.2565
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA