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Property profile & analytics

317 Boylston St Worcester, MA 01606-2326

  • Turn key restaurants
  • 4,752 SF
  • 0.65 lot acres
OFF-MARKET
Last Sale
May 27, 2021
Value Estimations
$380,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US38-0830952
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • 2 Chefs Italian Restaurant & Bar / Italian Restaurant / Bar

Property Details for 317 Boylston St

Year built
1948
Construction
FRAME
Lot size
0.65 lot acres
Property size
4,752 SF
Zone code
BL-1
Property type
Turn key restaurants
APN
WORC M:12 B:001 L:00009
APU
WORCM12B001L00009

Description

This exceptional restaurant and bar opportunity in Worcester, MA, presents a lucrative investment. The fully operational establishment boasts a spacious interior with seating for up to 120 patrons, featuring a spectacular open layout and stunning views. A striking horse-show style bar accommodates an additional 23 guests. The fully equipped kitchen is complemented by a state-of-the-art, two-year-old eight-tap draft beer system. Operational efficiency is enhanced by an Aloha POS system. Ample storage is available in the full basement, which also houses a beer cooler. Additional conveniences include a walk-in cooler and freezer near the kitchen and office. Entertainment is provided by ten televisions strategically placed throughout the venue, along with five Keno screens and a scratch ticket machine. Security features include an alarm system and twelve security cameras. An ATM is also on-site. The business benefits from a loyal and established clientele. A beautiful outdoor patio with eight tables provides seating for another 32 patrons. This turnkey operation is ready for immediate ownership, with an excellent lease in place and the possibility of a long-term extension. The current owner is willing to provide training to ensure a smooth transition for the new owner. The asking price is $985,000.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $370,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $505,000
    Market price range: $356k - $861k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Worcester
County
Worcester
State
Massachusetts
Longitude
-71.8007
Latitude
42.3007
CBSA code
49340
CBSA name
WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$23,314
$409,900
$366,200
$776,100
-
$0.00
$0.00
$0.00
More about this property
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