Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
TBD · Barre, MAZoning
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Zoning designation
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The district profile from the municipal source: what is on file for TBD in Barre, MA.
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