166 Shrewsbury St

Investment Highlights

Close to downtown High demand area

Executive Summary

Welcome to 166 Shrewsbury St, a mixed use property on one of Worcester's prime locations. The building consists of a 2415 square feet restaurant space with full basement on the first floor, the restaurant has seating for 107 people inside and 20 outside and is fully equipped and functional, on the second floor you'll find two spacious (2) bedroom apartments that will need to be finished. New HVAC has been installed and rough electrical and plumbing are done. This could be a very lucrative investment cash flowing about $8500-9000 per month in rent once the apartments have been finished. Come check it out and take advantage of everything this area has to offer with a vibrant restaurant scene and easy access to downtown, routes 9 and 290.

• Sale Type    Investment
• Sale Condition    Sale Leaseback
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Storefront Retail/Residential Restaurant
• Building Size    4,830
• Building Class    C
• Year Built    1968
• Price    1,600,000
• Price Per SF    331
• Tenancy    Single
• Building Height    2 Stories
• Building FAR    1.39
• Land Acres    0.08 AC

• Bus Line
• Commuter Rail
• Signage
• Signalized Intersection