61 - 63 Glenallen St, Winchendon, MA 01475

$385,000
3
BA
3,555
SqFt

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List Price
$385,000
Status
ACTIVE
MLS#
73472490
Price Change
▼ $14,000 1784004873
Year Built
1900
Bathrooms
3
Acres
0.41
Living Area
3,555

Property Description

SELLER WILL CONSIDER SELLER FINANCING!!! 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.

Additional Information

Taxes
$2,201
Lot Size
17,859

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Listing courtesy of Listing Agent: Michelle Peterson from Listing Office: Elm Grove Realty, LLC.

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