143 Highland StWorcester, MA 01609

Property Details for 143 Highland St

Year built

1945

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.14 AC

Property size (Sq ft)

3,453 SF

Zone code

BL-1

Property type

Turn key restaurants

APN

WORC M:02 B:045 L:0103B

APU

WORCM02B045L0103B

Description

This exceptional 3,453-square-foot restaurant space, located at 143 Highland Street in Worcester County, presents a remarkable opportunity for culinary entrepreneurs. The single-tenant building, constructed in 1945 and situated on a 0.14-acre lot, boasts a completely remodeled interior, ideal for sit-down dining, takeout, catering, or private events. The property includes top-of-the-line kitchen equipment, ready for immediate use. Benefit from high visibility on a busy street, complemented by ample parking accommodating 8 vehicles. The BL-1 zoning ensures flexibility for various restaurant concepts. This location is surrounded by successful, established restaurants, guaranteeing a high volume of potential customers. The one-story building offers 3,453 square feet of vacant space, providing ample room for your culinary vision. This is a truly exceptional opportunity to establish your restaurant in a vibrant, high-traffic area. The property features one building with a total of 3,453 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $839,200

  6.5%

  $774,646

  7%

  $719,314

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,136,946

  Geo Method

  $1,136,946

• Alternative Use

  Use

  Valuation

  Residential

  $653,443

  Hospitality

  $598,550

  Educational

  $497,987

  Medical

  $515,113

  Retail

  $774,646

Location Insight

City

Worcester

County

Worcester

State

Massachusetts

Latitude

42.2707

Longitude

-71.8086

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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