Property profile

317 Boylston St Worcester, MA 01606

OFF-MARKET
Turn key restaurants
Property ID
US38-0830952
4,752 SF 0.65 ac lot Built 1948
Individually Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1948
Construction FRAME
Total area 4,752 SF
Lot 0.65 ac (28,496 SF)
Zoning code BL-1
APN WORC M:12 B:001 L:00009
UPID US38-0830952

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

317 Boylston St Worcester, MA 01606-2326
Worcester metro Census 730300 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$370k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$435k

Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
1987
Price N/A

Zoning & alternative use

BL-1 · Worcester, MA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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