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    FOR LEASE
    Warehouses

    83 Morse St, Norwood, MA 02062

    69,004 SF 2.68 ac lot Built 1925
    Entity Owned 10-yr Hold ~ Est. High Equity
    Property ID
    US38-0565932
    Property summary
    AI-generated overview

    This exceptional turnkey restaurant opportunity is located at 83 Morse Street in Norwood, Massachusetts, 02062. The 4,695 square foot space, part of a larger 69,004 square foot building constructed in 1925 and extensively renovated in 2024, offers a unique chance for a seasoned operator. Situated within a building also housing a prominent glass blowing factory, this multi-level space is designed to accommodate over 125 patrons. The restaurant will be fully equipped with all major kitchen equipment upon completion in Fall/Winter 2024. This presents a rare chance to establish a thriving business in a vibrant location without the extensive upfront costs associated with building out a kitchen. The space's prime location and the building's unique character offer significant potential for attracting a diverse clientele. A key money requirement of $100,000 is in place. This is a retail space within a multi-tenant building.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1925
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 69,004 SF
    Lot 2.68 ac (116,850 SF)
    APN NORW M:00010 B:0004H L:00034
    UPID US38-0565932
    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
    Current use
    Occupant on record · Public records
    • Clarity Experiences IT Consulting Firm Tech Support Center
    • The Drawer Guy Hardware & Home Improvement
    • The Restoration Operators Hardware & Home Improvement Construction Company
    • Night Knight Department Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $6.32M
    Blend (final) Blend
    $5.81M
    Owner & transaction history
    83 Morse Street LLC · 10 yrs held
    83 Morse Street LLC
    since 2016
    3 recorded transactions
    2016
    $1.7M
    2008
    $1
    2005
    $1
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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