aisellshomes.space

$399,000

Price Changed

61 - 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

By submitting you agree to be contacted by Antonio Illas.

Estimated payment

$2,583 / month

Down payment20% · $79,800
Interest rate6.50%

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).