Active
4 Days on market
2 Lunemburg St Fitchburg — Photo 1 of 25

2 Lunemburg St Fitchburg — Photo 1 of 25

$69,900

Investment Analysis — 2 Lunemburg St

Fitchburg, MA 01420

Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a home in 01420 carries an estimated $1,140/mo in gross rent — about a 13.67% cap rate and $9,558/yr in estimated NOI at the $69,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

--

Baths

1

SqFt

1,600

Style

Other

Built

2024

Excellent opportunity to own and operate an established restaurant featuring boost service and offering a diverse menu featuring fried chicken, wings, chicken and lamb rice platters, gyros, wraps, burgers, subs, seafood, sides, desserts, catering options and more. Sits 30 people and has 1 bathroom. Parking for 8 cars. Conveniently located at Moran Square with an established business presence and existing customer base with a great inventory, this is a great opportunity looking for taking over an existing food-service operation rather than starting from scratch. Sale is for the BUSINESS ONLY and does not include the building or real estate. Current business owner will train new owner for up to 2 weeks.There are 5 boosts service that sits 4 people each.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$69,900
Annual Taxes--

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms--
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
Water--
Sewer--

Building & Exterior

Construction--
Roof--
Foundation--
ZoningComercial

Property & Lot

Acres--
SqFt Lot15,000
Lot Features--

Geography

Listing Provided By

Listing Agent: Viviane Ortis

Listing Office: Debella Realty Corp

MLS® Number: 73580588