1393 Grafton StWorcester, MA 01604

Property Details for 1393 Grafton St

Year built

2006

Construction

FRAME

Lot size

1.85 AC

Property size (Sq ft)

13,000 SF

Zone code

BL-1

Property type

Super regional malls

APN

WORC M:41 B:028 L:53-55

APU

WORCM41B028L5355

Description

La Cucina Italia, located at 1393 Grafton St. in Worcester, MA, presents a unique opportunity for acquisition. Established in 2015, this beloved restaurant has built a strong reputation and loyal customer base within the Worcester community, carrying on the tradition of a well-known Shrewsbury Street Italian restaurant. The business boasts strong gross annual sales, reflecting its consistent popularity and profitability. The restaurant itself is filled with character, featuring antique doors adorned with wedding photos, creating a warm and inviting atmosphere. The menu features authentic Italian cuisine, utilizing locally-sourced ingredients and cherished family recipes passed down through generations. Daily specials highlight seasonal flavors and culinary creativity, ensuring a consistently fresh and exciting dining experience. Ample parking is available for patrons, adding to the convenience and appeal of the location. This turnkey operation offers a rare chance for an investor or chef-owner to step into a thriving business with deep roots in Worcester's culinary scene and significant growth potential. The asking price is $399,900. This is an exceptional opportunity to own a piece of Worcester's rich culinary heritage.

• CAP approach

  CAP return

  Valuation

  6%

  $2,459,180

  6.5%

  $2,270,020

  7%

  $2,107,870

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,766,520

  Geo Method

  $1,766,520

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,426,750

  Mixed-Use / Specialty

  $2,261,920

  Hospitality / Lodging

  $1,659,500

  Office

  $2,248,490

  Institutional / Educational

  $2,351,490

  Residential Income

  $2,751,240

  Multifamily

  $3,299,690

  Automotive / Energy

  $2,015,560

  Parking / Income-Based Land

  $695,546

  Restaurant / Food Service

  $1,176,440

  Healthcare / Senior Housing

  $2,319,560

Location Insight

City

Worcester

County

Worcester

State

Massachusetts

Latitude

42.2346

Longitude

-71.7466

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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