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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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61 - 63 Glenallen St , Winchendon, MA 01475
$375,000
Est. Payment: $833.33/mo
0 Bed
3 Bath
3555 Sqft
Status: Active | Days on site: 230
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AN2024 - CN211496
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House 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.

Highlights

Listed by Michelle Peterson , 603-831-6933 Elm Grove Realty, LLC , 603-821-0077.

Property Type

Commercial Sale

Lot/Acreage
0.41

Year Built

1900

County

Worcester

Area

Winchendon Springs

Listing ID

73472490

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:3
  • Full Bathrooms:

Exterior Features

Zoning:Legal Non-Conforming
Roof:Tar/Gravel
Principal Interest
$833
Taxes
$183

Home Price

$375,000

Loan Details

30 yrs
%

Down Payment

20%
$75,000
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Monthly Price:
$833.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $833.33 $183.42 $0.00 $1,016.75
Yearly $10,000.00 $2,201.00 $0.00 $12,201.00
Total $300,000.00 $66,030.00 $0.00 $366,030.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Winchendon, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.