61 - 63 Glenallen St
$375,000
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$375,000
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Property Description
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.
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Highlights
- Area: Winchendon Springs
- Year Built: 2006
- Property Class: Business Opportunity
- Status: Active
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Additional Details
- Construction: Frame, Historic
- Zoning: R-10
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Listing information provided courtesy of Elm Grove Realty, LLC.
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