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61-63 Glenallen St 3,555 SF Retail Building Winchendon, MA 01475 $626,265 CAD ($176.16 CAD/SF)
Executive Summary
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 brewery, 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. Don’t miss the chance to own this landmark!
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,555 SF
Building Class
C
Year Built
1900
Price
$626,265 CAD
Price Per SF
$176.16 CAD
Building Height
2 Stories
Building FAR
0.20
Lot Size
0.41 AC
Zoning
R1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | WINC-000061B-000000-000019 | Improvements Assessment | $189,689 CAD |
| Land Assessment | $70,977 CAD | Total Assessment | $260,665 CAD |
Property Taxes
Parcel Number
WINC-000061B-000000-000019
Land Assessment
$70,977 CAD
Improvements Assessment
$189,689 CAD
Total Assessment
$260,665 CAD
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61-63 Glenallen St
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