166 Shrewsbury St - Restaurant FOR SALE


Worcester, MA 01605
$1,450,000 USD
774-696-1810
166 Shrewsbury St, Worcester, MA for Sale
$1,450,000 USD
Restaurant - FOR SALE
1/37
null | Request Cap Rate

166 Shrewsbury St
Worcester, MA 01605


OVERVIEW

This stunning commercial building offers a unique blend of business and residential spaces. It features three distinct units, including a ground-level restaurant and two second story apartments. Nestled in the heart of a vibrant business district, the location ensures excellent visibility and foot traffic. Its prime position within the sought-after restaurant row adds to its appeal. The space is very versatile and may be used as retail or office in the future. It’s an ideal investment for those looking to capitalize on a thriving area. The building currently brings in $65,000 annual income, based on modified gross lease. The two apartments are currently unfinished. Permits will need to be obtained and will require a sprinkler system to be installed.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$300 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

BG-3

APN/PARCEL ID

WORC-000016-000015-000013

ASK ABOUT THIS PROPERTY

James KalogeropoulosRE/MAX PartnersMore Info
774-696-1810

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James KalogeropoulosRE/MAX PartnersMore Info
774-696-1810

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.