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Property profile & analytics
OFF-MARKET Estimated value $1,575,000
Super regional malls

1393 Grafton St Worcester, MA 01604-2733

13,000 SF 1.85 ac lot Built 2006
Entity Owned 18-yr Hold ~ Est. High Equity
Property ID
US38-0602429
Property summary
AI-generated overview

La Cucina Italia, located at 1393 Grafton St. in Worcester, MA, presents a unique opportunity for acquisition. Established in 2015, this beloved restaurant has built a strong reputation and loyal customer base within the Worcester community, carrying on the tradition of a well-known Shrewsbury Street Italian restaurant. The business boasts strong gross annual sales, reflecting its consistent popularity and profitability. The restaurant itself is filled with character, featuring antique doors adorned with wedding photos, creating a warm and inviting atmosphere. The menu features authentic Italian cuisine, utilizing locally-sourced ingredients and cherished family recipes passed down through generations. Daily specials highlight seasonal flavors and culinary creativity, ensuring a consistently fresh and exciting dining experience. Ample parking is available for patrons, adding to the convenience and appeal of the location. This turnkey operation offers a rare chance for an investor or chef-owner to step into a thriving business with deep roots in Worcester's culinary scene and significant growth potential. The asking price is $399,900. This is an exceptional opportunity to own a piece of Worcester's rich culinary heritage.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 2006
Construction FRAME
Total area 13,000 SF
Lot 1.85 ac (80,586 SF)
Zoning code BL-1
APN WORC M:41 B:028 L:53-55
UPID US38-0602429
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
  • Wendy Burdett - CMG Home Loans Mortgage Loan Officer NMLS# 40660 Loan Service Bank
  • Mathieu Tebo | Homebridge | Sales Manager, Mortgage Loan Originator Loan Service Bank
  • Milly Potter - CMG Home Loans Loan Service Bank
  • Mrs Mack's Bakery & Restaurant Bakery Specialty Food Shop
  • Vicky McSweeney - CMG Home Loans Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.93M
Blend (final) Blend
$1.58M
Owner & transaction history
Tgl INC · 18 yrs held
Tgl INC
since 2007
6 recorded transactions
2016
Price N/A
2007
$1
2006
Price N/A
2005
$1
2005
$35,000
2005
Price N/A
Zoning & alternative use
BL-1 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $2.2M +35.4%
Retail stores $1.9M +15.7%
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