Property profile

57 Main St Barre, MA 01005

OFF-MARKET
Investment properties
Property ID
US38-1497920
3,284 SF 0.2 ac lot Built 1900
Individually Owned 24-yr Hold
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Property summary

AI-generated overview

This exceptional mixed-use property at 57 Main Street in Barre, MA, presents a unique investment opportunity. The building encompasses a thriving Chinese restaurant with a bar, currently operating under a lease with one year remaining, plus an option to renew. The restaurant boasts a substantial 1600 square foot space, a liquor license, an entertainment license, and a seating capacity of 72, including the bar area. Above the restaurant, a spacious 1500 square foot apartment provides comfortable living quarters with two formal bedrooms, ideal for owner-occupancy or rental income. The property sits on a generous 0.2-acre lot, offering ample parking and high visibility, making it attractive for a variety of businesses. The 14-year-old roof ensures long-term structural integrity. Annual property taxes are $4,000, and insurance premiums are $6,000. This prime location and versatile layout make this property an excellent choice for both established businesses and savvy investors seeking a blend of commercial and residential income streams. The asking price is $750,000.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1900
Construction FRAME
Total area 3,284 SF
Lot 0.2 ac (8,840 SF)
Zoning code TBD
APN BARR M:000G B:0347 L:
UPID US38-1497920

Cap rate & NOI

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

Location

57 Main St Barre, MA 01005
Barre metro Census 722100 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2001
3 recorded transactions
2001
$197,900
1999
$55,000
1995
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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