291 Main StNorthborough, MA 01532

Property Details for 291 Main St

Year built

1984

Lot size

0.60 AC

Property size (Sq ft)

8,000 SF

Zone code

BE

Property type

Retail space

APN

NBOR M:0470 L:0006

APU

NBORM0470L0006

Description

This exceptional business opportunity presents the chance to acquire a well-established restaurant in the desirable town of Northborough, Massachusetts. Located on Main Street, this property boasts a prime location directly off Route 20, ensuring high visibility and significant foot traffic. Britney's Cafe, a beloved local eatery, has thrived in this location for over three decades, building a strong reputation and loyal customer base. The sale includes the entire turnkey operation, fully equipped and ready for immediate use. No need to source equipment or spend time on build-out

• CAP approach

  CAP return

  Valuation

  6%

  $1,944,279

  6.5%

  $1,794,719

  7%

  $1,666,525

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,634,106

  Geo Method

  $2,634,106

• Alternative Use

  Use

  Valuation

  Residential

  $1,513,913

  Hospitality

  $1,386,736

  Educational

  $1,153,748

  Medical

  $1,193,427

  Retail

  $1,794,719

Location Insight

City

Northborough

County

Worcester

State

Massachusetts

Latitude

42.3282

Longitude

-71.6204

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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