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20 Station Ave
Groton, MA 01450

Retail Property For Sale

Investment Highlights

  • Groton Hill Music Center. This restaurant is located 1/2 mile from the Groton Hill Music Center--the 126,000 SF cultural attraction that opened in Oct
  • Turn Key Operation. Fully permitted, liquor license, common victuallers license, fire suppression system inspection, fire extinguisher re-tagging, etc
  • Proven Demand. Groton is a dining and agri-tourism destination with demand for weddings, rehearsal dinners, bridal showers, baby showers, etc.

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
6,954 SF
Building Class
C
Year Built
1915
Tenancy
Single
Building Height
2 Stories
Building FAR
0.61
Lot Size
0.26 AC
Zoning
RA
Frontage
230 FT on Station Avenue

About 20 Station Ave , Groton, MA 01450

1. Turnkey Operation – Fully Permitted & Furnished. Open your doors tomorrow— permitted for 300 guests with a liquor license and common victualer’s license. Fully furnished with tables, chairs, booths, smallwares. Systems are up and running including Toast, kitchen display system, Crestron lighting system, Sonos, TripleSeat, HotSchedules. Permanent permitted signage on Main Street, 100 yards away, with 20,000 cars daily. 2. Rare Access to Groton Hills Music Center. Just ½ mile from Groton Hill Music Center, so-called “Tanglewood East”: a world-class, 126,000 s.f., cultural destination opening after 7 years of construction, hundreds of millions of dollars in investment. Tanglewood generates $103 million to Lenox yearly with an 11-week season; Groton Hills will be open year round. Tanglewood is a weekend destination, three hours from Boston; Groton Hills will be a driving destination, 45 minutes from Boston. Two other restaurants are ½ mile from Groton Hills, but the others are 7 miles away in a completely different town. 3. Proven Concept – Restaurants & Eco Tourism. Gibbet Gill Grill, ¼ mile away, has been open for almost two decades, 2016 sales of almost $6 million (Weston Feasibility Study) with years-long waitlist for weddings. Forge & Vine Grill, ¼ miles away, is constantly busy, backed by a private equity group purchasing new property to expand. Estimated $33 million yearly in food and beverage sales in Groton this year.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
GROT-000113-000059
Land Assessment
$169,400
Improvements Assessment
$1,581,300
Total Assessment
$1,750,700
  • Listing ID: 28519563

  • Date on Market: 5/18/2023

  • Last Updated:

  • Address: 20 Station Ave, Groton, MA 01450

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