Property profile

580 Park Ave Worcester, MA 01603

OFF-MARKET
Turn key restaurants
Property ID
US38-1003806
2,480 SF 0.52 ac lot Built 1965
Individually Owned 6-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1965
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,480 SF
Lot 0.52 ac (22,700 SF)
Zoning code ML10
APN WORC M:08 B:050 L:0003A
UPID US38-1003806

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
  • Restaurant
  • Insurance Agency
  • Restaurant
  • Restaurant

Location

580 Park Ave Worcester, MA 01603-2912
Worcester metro Census 731101 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2019
7 recorded transactions
2019
Price N/A
2014
$380,000
2012
$285,000
2012
Price N/A
2012
$1
2012
Price N/A
2002
Price N/A

Zoning & alternative use

ML10 · Worcester, 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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