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Adam Dow

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

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50 A Franklin St , Worcester, MA 01608
$25
Est. Payment: $0.06/mo
0 Bed
4 Bath
241766 Sqft
Status: Active | Days on site: 28
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BB5200 - CN229576
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House Description

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.

Highlights

Listed by Fionnula Bohan , 617-653-4084 Centre Realty Group , 617-332-0077.

Property Type

Commercial Lease

Lot/Acreage
0.78

Year Built

1912

County

Worcester

Area

Downtown

Listing ID

73565399

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:4
  • Full Bathrooms:

Exterior Features

Zoning:Legal Conforming
Roof:Rubber
Principal Interest
$0
Taxes
$23,927

Home Price

$25

Loan Details

30 yrs
%

Down Payment

20%
$5
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$0.06

Principal

Taxes

Principal Taxes HOA Total
Monthly $0.06 $23,927.42 $0.00 $23,927.47
Yearly $0.67 $287,129.00 $0.00 $287,129.67
Total $20.00 $8,613,870.00 $0.00 $8,613,890.00

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 (Worcester, 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.