82 Wheelock Ave, Millbury, MA 01527-3500
This exceptional opportunity presents the sale of The Wheelock Inn, a well-established restaurant and bar located at 82 Wheelock Ave, Millbury, MA 01527. The property boasts a substantial 6,500 square feet of space situated on a 1.42-acre lot, providing ample room for both indoor and outdoor operations. The building features one story and includes 100 parking spaces, a significant advantage in a busy commercial area. The property is currently vacant, offering a blank canvas for a new owner to implement their vision. The sale includes a full liquor license, allowing for a wide range of beverage offerings. The existing infrastructure includes a full-service kitchen, walk-in coolers, a lobster tank, and outdoor dining capabilities. Previous renovations in 2007 further enhance the property's appeal. The property is zoned BL-1 and is priced at $900,000, translating to $138.46 per square foot. The sale also includes additional land beyond the immediate building footprint. This landmark establishment is ready for a new owner to capitalize on its established reputation and prime location in the Millbury community, near Worcester. The property's history of success, even during challenging economic times, speaks to its strong potential for future growth and profitability. This is a rare opportunity to acquire a turnkey operation with significant upside.
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Wheelock inn Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
R3 · Millbury, MAMillbury. 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.