112 Green Street, Worcester, MA, Massachusetts, property flyer

112 Green Street, Worcester, MA, 01604 | $2,127,000

This is a rare opportunity to acquire a prime commercial building and a well-established, fully operating restaurant and bar, The Banner Bar & Grille, in Worcester’s vibrant Canal District. Located directly across from Polar Park, home of the Worcester Red Sox, the property offers unmatched visibility, heavy foot traffic, and year-round demand. Positioned across from The Cove, a newly completed 171-unit residential community, with continued district growth underway, the location provides a built-in customer base and strong game-day volume. The business and real estate are being sold together as a true turnkey acquisition. The restaurant and bar are fully built out, equipped, licensed, and operational, allowing for a seamless transition to new ownership with immediate revenue potential. Loyal local patrons combined with consistent WooSox game-day crowds make this a standout commercial investment

Features

Utilities: Public Water, Public Sewer
Zoning: BG-4
Frontage: 42.00

Year Built: 1955
Approx Sq. Feet: 0
Acreage: 0.08

Est. Taxes: $11,101
MLS#: 73466847
Website: https://www.raveis.com
/prop/73466847/112greenstreet_worcester_ma?source=qrflyer

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
Listing by Tony Mallozzi courtesy of Anthony Joseph Real Estate LLC Phone: 508-589-6262

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Kate RockettRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1500191

617.281.4872

Kate.Rockett@raveis.com

Our Executive Mortgage Banker:

Is available to meet with you in our office, your home or office, evenings or weekends
Offers you pre-approval in minutes!
Provides a guaranteed closing date that meets your needs
Has access to hundreds of loan programs, all at competitive rates
Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

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Our Insurance Division:

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112 Green Street, Worcester, MA, 01604

$2,127,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Kate Rockett

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 617.281.4872

Kate.Rockett@raveis.com

NMLS Mortgage Loan Originator ID 1500191

	5/6 (30 Yr) Adjustable Rate Jumbo*	30 Year Fixed-Rate Jumbo	15 Year Fixed-Rate Jumbo
Loan Amount	$1,701,600	$1,701,600	$1,701,600
Term	360 months	360 months	180 months
Initial Interest Rate**	5.375%	6.000%	5.750%
Interest Rate based on Index + Margin	8.125%
Annual Percentage Rate	6.117%	6.110%	5.932%
Monthly Tax Payment	$925	$925	$925
H/O Insurance Payment	$125	$125	$125
Initial Principal & Interest Pmt	$9,528	$10,202	$14,130
Total Monthly Payment	$10,578	$11,252	$15,180

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.