139 Green StWorcester, MA 01604

Property Details for 139 Green St

Year built

1925

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.13 AC

Property size (Sq ft)

3,342 SF

Zone code

BG-4

Property type

Turn key restaurants

APN

WORC M:05 B:005 L:00015

APU

WORCM05B005L00015

Description

This turnkey restaurant and bar opportunity is located at 139 Green St, Worcester, MA 01604. The 3,350 square foot space sits on a 5,670 square foot lot and boasts a beautifully appointed interior. The main dining area comfortably seats 80 patrons, complemented by a 20-seat bar. Seasonal outdoor seating further expands capacity. The kitchen is fully equipped with a hood system, grease traps, and a dishwasher, ensuring efficient operation. A lower level features a prep kitchen and walk-in coolers, optimizing workflow and storage. This second-generation restaurant space benefits from its location in a high-traffic area, adjacent to Polar Park and the Worcester Public Market, guaranteeing significant foot traffic and visibility. The entire ±4,000 square foot building is included in the sale price. This exceptional opportunity combines a well-established business with a desirable location, making it an ideal investment for experienced restaurateurs. The property's prime location and existing infrastructure provide a solid foundation for continued success and growth. This is a rare chance to acquire a thriving business and building in a vibrant and expanding area of Worcester.

• CAP approach

  CAP return

  Valuation

  6%

  $812,223

  6.5%

  $749,744

  7%

  $696,191

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,100,398

  Geo Method

  $1,100,398

• Alternative Use

  Use

  Valuation

  Residential

  $632,437

  Hospitality

  $579,309

  Educational

  $481,978

  Medical

  $498,554

  Retail

  $749,744

Location Insight

City

Worcester

County

Worcester

State

Massachusetts

Latitude

42.2565

Longitude

-71.7982

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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