57 Main St, Barre, MA 01005
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
TBD · Barre, MABarre. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.