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Bar and Entertainment Space 50 Franklin St 6,818 SF of Retail Space Available in Worcester, MA 01608
Highlights
- Downtown Worcester
All Available Space(1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Space Use
- Build-Out
- Available
Prime Downtown Worcester Event & Entertainment Venue. A Rare Turn-Key Opportunity for an Experienced Hospitality, Events or Entertainment Operator. Position your concept in the heart of Downtown Worcester on Franklin Street at Franklin & Portland Streets overlooking Worcester Common. This exceptional second-generation space offers up to approximately 6,818 SF with subdivision flexibility and the infrastructure to support multiple revenue streams. The space features a fully built-out commercial kitchen, state of the art pizza oven with open/prep kitchen, bar with approximately 40 tap lines, dedicated event space, and a separate state-of-the-art theater/entertainment component. The venue is positioned to generate revenue through food and beverage, weddings, corporate events, conferences, private celebrations, ticketed entertainment, brand activations, and full or partial buyouts—creating the potential for diversified and recurring cash flow. Ideal for an upscale event and conference center, cocktail lounge, members-style club, theater and entertainment venue, or hybrid restaurant and entertainment concept, the existing infrastructure can significantly reduce the time and expense of building a hospitality destination from the ground up. The property is part of a prominent mixed-use building featuring approximately 250 residential units, office space, and an on-site entertainment component, restaurant, and within proximity to Worcester's theatre district providing built-in activity and a strong downtown customer base. High visibility, nearby public parking and substantial existing hospitality infrastructure further strengthen the opportunity. For the right experienced operator, this is more than a restaurant space—it is a venue-ready platform with multiple avenues for revenue, repeat business and cash flow, offering the opportunity to create Downtown Worcester’s next premier event, entertainment, food and beverage destination.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Central Air and Heating
- Recessed Lighting
- After Hours HVAC Available
- Hardwood Floors
- Wheelchair Accessible
- Size, Various Revenue Streams, Turn Key, Parking in Area, Theatre District Location
- Fully Built-Out as a Drinking Establishment
- Space is in Excellent Condition
- Wi-Fi Connectivity
- Plug & Play
- Basement
- Smoke Detector
- Fully Built out Restaurant, Event, Entertainment
| Space | Size | Term | Rental Rate | Space Use | Build-Out | Available |
| 1st Floor, Ste 48A | 6,818 SF | 5 Years | $34.61 CAD/SF/YR $2.88 CAD/SF/MO $235,998 CAD/YR $19,667 CAD/MO | Retail | Full Build-Out | Now |
1st Floor, Ste 48A
| Size |
| 6,818 SF |
| Term |
| 5 Years |
| Rental Rate |
| $34.61 CAD/SF/YR $2.88 CAD/SF/MO $235,998 CAD/YR $19,667 CAD/MO |
| Space Use |
| Retail |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Floor, Ste 48A
| Size | 6,818 SF |
| Term | 5 Years |
| Rental Rate | $34.61 CAD/SF/YR |
| Space Use | Retail |
| Build-Out | Full Build-Out |
| Available | Now |
Prime Downtown Worcester Event & Entertainment Venue. A Rare Turn-Key Opportunity for an Experienced Hospitality, Events or Entertainment Operator. Position your concept in the heart of Downtown Worcester on Franklin Street at Franklin & Portland Streets overlooking Worcester Common. This exceptional second-generation space offers up to approximately 6,818 SF with subdivision flexibility and the infrastructure to support multiple revenue streams. The space features a fully built-out commercial kitchen, state of the art pizza oven with open/prep kitchen, bar with approximately 40 tap lines, dedicated event space, and a separate state-of-the-art theater/entertainment component. The venue is positioned to generate revenue through food and beverage, weddings, corporate events, conferences, private celebrations, ticketed entertainment, brand activations, and full or partial buyouts—creating the potential for diversified and recurring cash flow. Ideal for an upscale event and conference center, cocktail lounge, members-style club, theater and entertainment venue, or hybrid restaurant and entertainment concept, the existing infrastructure can significantly reduce the time and expense of building a hospitality destination from the ground up. The property is part of a prominent mixed-use building featuring approximately 250 residential units, office space, and an on-site entertainment component, restaurant, and within proximity to Worcester's theatre district providing built-in activity and a strong downtown customer base. High visibility, nearby public parking and substantial existing hospitality infrastructure further strengthen the opportunity. For the right experienced operator, this is more than a restaurant space—it is a venue-ready platform with multiple avenues for revenue, repeat business and cash flow, offering the opportunity to create Downtown Worcester’s next premier event, entertainment, food and beverage destination.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Drinking Establishment
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air and Heating
- Wi-Fi Connectivity
- Recessed Lighting
- Plug & Play
- After Hours HVAC Available
- Basement
- Hardwood Floors
- Smoke Detector
- Wheelchair Accessible
- Fully Built out Restaurant, Event, Entertainment
- Size, Various Revenue Streams, Turn Key, Parking in Area, Theatre District Location
Property Facts
| Total Space Available | 6,818 SF | Apartment Style | Mid-Rise |
| No. Units | 250 | Building Size | 238,680 SF |
| Property Type | Multifamily | Year Built/Renovated | 1912/2018 |
| Property Subtype | Apartment |
| Total Space Available | 6,818 SF |
| No. Units | 250 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Size | 238,680 SF |
| Year Built/Renovated | 1912/2018 |
About the Property
A Rare Turn-Key Opportunity for an Experienced Hospitality, Events or Entertainment Operator. Position your concept in the heart of Downtown Worcester on Franklin Street at Franklin & Portland Streets overlooking Worcester Common. This exceptional second-generation space offers up to approximately 8418 SF with subdivision flexibility and the infrastructure to support multiple revenue streams. The space features a fully built-out commercial kitchen, state of the art pizza oven with open/prep kitchen, bar with approximately 40 tap lines, dedicated event space, and a separate state-of-the-art theater/entertainment component. The venue is positioned to generate revenue through food and beverage, weddings, corporate events, conferences, private celebrations, ticketed entertainment, brand activations, and full or partial buyouts—creating the potential for diversified and recurring cash flow. Ideal for an upscale event and conference center, cocktail lounge, members-style club, theater and entertainment venue, or hybrid restaurant and entertainment concept, the existing infrastructure can significantly reduce the time and expense of building a hospitality destination from the ground up. The property is part of a prominent mixed-use building featuring approximately 250 residential units, office space, and an on-site entertainment component, restaurant, and within proximity to Worcester's theatre district providing built-in activity and a strong downtown customer base. High visibility, nearby public parking and substantial existing hospitality infrastructure further strengthen the opportunity. For the right experienced operator, this is more than a restaurant space—it is a venue-ready platform with multiple avenues for revenue, repeat business and cash flow, offering the opportunity to create Downtown Worcester’s next premier event, entertainment, food and beverage destination.
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Bar and Entertainment Space | 50 Franklin St
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