$399,000
Price Changed61 - 63 Glenallen St
Winchendon, MA, 01475
Business · MLS #73484914
Days on market
New today
About this home
Seller is willing to contribute $25K towards building renovations!!! 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.
Location
61 - 63 Glenallen St, Winchendon, MA, 01475
Listed by Michelle Peterson · Elm Grove Realty, LLC
Schedule a showing
61 - 63 Glenallen St
Estimated payment
$2,583 / month
Loan term
- Principal & interest
- $2,018
- Property tax
- $399
- Home insurance
- $166
Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses 1.2% of price (MA average).