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    OFF-MARKET
    Investment properties

    57 Main St, Barre, MA 01005

    3,284 SF 0.2 ac lot Built 1900
    Individually Owned 24-yr Hold
    Property ID
    US38-1497920
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    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
    Chang Wen Zou · 24 yrs held
    Chang Wen Zou
    since 2001
    3 recorded transactions
    2001
    $197,900
    1999
    $55,000
    1995
    Zoning & alternative use
    TBD · Barre, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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