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Adam Dow

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

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521 Main St , Worcester, MA 01608
$1,250,000
Est. Payment: $2,777.78/mo
0 Bed
0 Bath
0 Sqft
Status: Under Agreement | Days on site: 1
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H95120 - CT004812
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House Description

This is a rare opportunity to own a prime piece of real estate in the center of Worcester. The first floor is a restaurant and floors 2-4 can be residential units or an expansion of the restaurant. Being the only Chinese restaurant in downtown Worcester, the Great Wall has been the go-to place for Chinese food not only to people working in downtown area, but also for tourists and those going to various events in the Hanover Theater on the next block. The Polar Park, less than 0.5 mile away, also helps to drive up the revenue. A significant renovation was completed in 2019 including building the entire back wall, the HVAC system, the fire prevention system, and more. Further, an architectural drawing has been made for two large residential units. The upper unit, spanning the 3rd and the 4th floors, has 4 BRs with 3.5 baths. The unit on the 2nd floor has three BRs and two full baths. You can also make the entire building a fancy multifunctional restaurant and/or for other creative use.

Highlights

Listed by Hui Joseph Zou , 508-735-6911 StartPoint Realty , 978-422-3999.

Property Type

Commercial Sale

Lot/Acreage
0.04

Year Built

1930

County

Worcester

Listing ID

73572384

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Interior Features

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

Exterior Features

Zoning:Legal Conforming
Principal Interest
$2,778
Taxes
$931

Home Price

$1,250,000

Loan Details

30 yrs
%

Down Payment

20%
$250,000
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Monthly Price:
$2,777.78

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,777.78 $931.00 $0.00 $3,708.78
Yearly $33,333.33 $11,172.00 $0.00 $44,505.33
Total $1,000,000.00 $335,160.00 $0.00 $1,335,160.00

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.