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$ 399,000
Est. payment /mo
Price Dropped by $36K
61 - 63 Glenallen St Winchendon, MA 01475
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73484914
Year Built 2006
Property Description
Seller is willing to contribute $25K towards building renovations!!! This is a fantastic opportunity for someone who wants multiple streams of income. The building offers a two-bedroom apartment that would be great for owner-occupant use or revenue production, and a 95-seat restaurant in operation for 20 years. The restaurant has proven to be a staple in the community, serving breakfast, lunch, and dinner, as well as hosting many private functions, which is no surprise, as this building has been a place to gather since the prohibitions in the 1930's. Consider many options: continue as a thriving restaurant/bar, convert to multi-family housing (town approval required), or reimagine as office space, a bewery, a gift shop, or a creative venue. Upgrades during the current ownership include a commercial-grade septic system, electric upgrades, new water heaters, and an oil tank. This is a turnkey opportunity with immediate cash flow or limitless redevelopment potential.
Location
State MA
County Worcester
Area Winchendon Springs
Zoning R-10
Direction From Route 12 the building is .6 miles up on the right.
Exterior
Utilities Available Public Water, Private Sewer, Bottled Gas
Others
Senior Community false
Listed by Elm Grove Realty, LLC