Property profile

531 Summer St Unit Food Window Barre, MA 01005

FOR LEASE
Other investment properties
Property ID
US38-0906564
2,347 SF 0.36 ac lot Built 1900
Entity Owned 6-yr Hold
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Property summary

AI-generated overview

The property is a food service window setup that was previously operated as a hot dog window service, with configuration suitable for other quick-serve concepts such as sandwiches. It has street frontage on two sides, providing access from both streets, and includes off-street parking. The interior includes a three-bowl scullery for utensil washing, a shared half bathroom, and designated space for a cooler, along with storage for supplies. The premises includes coin-operated laundry access and space that can accommodate outdoor seating via added pub tables. The property is set up with utilities where metered electric is separately borne by the operator, and signage is the operator’s responsibility; permitted uses require verification. Walk and bike access metrics are 46 (walk score) and 31 (bike score), indicating it is largely car-dependent with some bike accessibility.

Property profile

Verified
Property type Other investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1900
Construction FRAME
Total area 2,347 SF
Lot 0.36 ac (15,800 SF)
Zoning code TBD
APN BARR M:00EA B:0029 L:
UPID US38-0906564

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
  • Counselor Practitioner Service Location
  • Foster Care Service Social Service Agency

Location

531 Summer St, Unit Unit Food Window Barre, MA 01005
Barre metro Census 722100 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2019
7 recorded transactions
2019
Price N/A
2019
$190,000
2014
$165,000
2013
Price N/A
2010
Price N/A
1998
Price N/A
1993
Price N/A

Zoning & alternative use

TBD · Barre, 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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