83 Morse St, Norwood, MA 02062
For Lease
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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.
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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
Property description
Physical attributes from public recordsZoning & alternative use
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.