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Property profile & analytics
OFF-MARKET
Turn key restaurants

290 Thompson Rd Webster, MA 01570-1507

7,081 SF 0.79 ac lot Built 1920
Individually Owned 11-yr Hold ~ Est. High Equity
Property ID
US38-1380166
Property summary
AI-generated overview

This exceptional 7,000-square-foot commercial property, located at 290 Thompson Road in Webster, Massachusetts, presents a unique opportunity for restaurant or retail ventures. The single-tenant building boasts a fully furnished and equipped interior, ready for immediate occupancy. Features include a spacious bar area with ample seating, a sizable dining room, and a fully operational kitchen. A complete inventory of essential equipment is included, from glassware and silverware to tables and chairs, ensuring a seamless transition for new operators. The property benefits from a full liquor license, a significant advantage for prospective restaurateurs. With a rich history as the popular Colonial Restaurant, this establishment enjoys a prime location in the Webster Lake region, easily accessible from Route 395, exit 1. Ample parking is provided with over 200 spaces. Its convenient location near Lake Chargoggagoggmanchauggagoggchaubunagungamaugg and its proximity to the Connecticut border attract a diverse customer base from Webster and the surrounding Thompson area. This turnkey operation is poised for immediate success, offering a rare chance to acquire an established and well-regarded business in a desirable lakeside setting. The property is situated in Worcester County, Massachusetts, with a 01570 zip code.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1920
Construction FRAME
Total area 7,081 SF
Lot 0.79 ac (34,369 SF)
Zoning code GB-5 W
APN WEBS M:33 B:A P:15
UPID US38-1380166
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
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Webster 290 RT · 11 yrs held
Webster 290 RT
since 2014
4 recorded transactions
2014
$700,000
2013
$215,000
2011
$1
2007
Price N/A
Zoning & alternative use
GB-5 W · Webster, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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