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    OFF-MARKET
    Turn key restaurants

    317 Boylston St, Worcester, MA 01606-2326

    4,752 SF 0.65 ac lot Built 1948
    Individually Owned 5-yr Hold Free & Clear
    Property ID
    US38-0830952
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • 2 Chefs Italian Restaurant & Bar Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    John A Starfas · 5 yrs held
    John A Starfas
    since 2021
    2 recorded transactions
    2021
    1987
    Zoning & alternative use
    BL-1 · Worcester, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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