Description
Prime Downtown Worcester Event & Entertainment Venue. A Rare Turn-Key Opportunity for an Experienced Hospitality, Events or Entertainment Operator. Position your concept in the heart of Downtown Worcester on Franklin Street at Franklin & Portland Streets overlooking Worcester Common. This exceptional second-generation space offers up to approximately 8414 SF to support multiple revenue streams. The space features a fully built-out commercial kitchen, state of the art pizza oven with open/prep kitchen, bar with approximately 40 tap lines, dedicated event space, and a separate state-of-the-art theater/entertainment component. The venue is positioned to generate revenue through food and beverage, weddings, corporate events, conferences, private celebrations, ticketed entertainment, brand activations, and full or partial buyouts-creating the potential for diversified and recurring cash flow. Ideal for an upscale event and conference center, cocktail lounge, members-style club, theater and entertainment venue, or hybrid restaurant and entertainment concept, the existing infrastructure can significantly reduce the time and expense of building a hospitality destination from the ground up. The property is part of a prominent mixed-use building featuring approximately 250 residential units, office space, and an on-site entertainment component, restaurant, and within proximity to Worcester's theatre district providing built-in activity and a strong downtown customer base. High visibility, nearby public parking and substantial existing hospitality infrastructure further strengthen the opportunity. For the right experienced operator, this is more than a restaurant space-it is a venue-ready platform with multiple avenues for revenue, repeat business and cash flow, offering the opportunity to create Downtown Worcester's next premier event, entertainment, food and beverage destination.
Details
| MLS # | 73565399 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1912 |
| Days On Site | 30 |
| Listing Provided By | Centre Realty Group | Fionnula Bohan |
Features
| Bath(s) | 4 |
|---|---|
| SQ Feet | 241,766 |
| Zoning | BG-6 |
| Acreage | 0.78 |
Exterior
| Roof | Rubber |
|---|
Utilities
| Utilities | Public Water, Public Sewer, Natural Gas Available, 220 Volts |
|---|
Taxes
| Tax Annual Amount | 287129 |
|---|---|
| Tax Year | 2025 |
Location
| Senior Community Yes / No | No |
|---|
Area Information
| State | MA |
|---|---|
| County | Worcester |
| City | Worcester |
| Zip Code | 01608 |
| Area | Downtown |
| Listing VS Median (in 01608) | |
Price: $25 low | high Med: $3,900 sqft: 241,766 low | high Med: 2,500 $ / sqft: $0 low | high Med: $2 On site: 30 low | high Med: 20 | |
Market Activity 01608
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Learn More About This Property
| State | MA |
|---|---|
| County | Worcester |
| City | Worcester |
| Zip Code | 01608 |
| Area | Downtown |
| Listing VS Median (in 01608) | |
Price: $25 low | high Med: $3,900 sqft: 241,766 low | high Med: 2,500 $ / sqft: $0 low | high Med: $2 On site: 30 low | high Med: 20 | |