Last Updated: 1/17/2017 1:23 PM
Description for 494 Electric Avenue Lunenburg, MA 01462
Highly visible property on Route 13 in Lunenburg available for sale or lease. Located close to the Leominster line, this 7,300 sf building sits on just over 1/2 acre of land. The building is currently a restaurant/catering business. In 2013 the current owners added 4,500 sf to create an office and a larger, more modern kitchen for the catering portion of the business. The zoning, which is Retail Commercial, as well as the building design, allows for many different uses such as office, retail, municipal, financial, just to name a few. The building can be subdivided with the current owner occupying the back portion to maintain their catering business. Seller is willing to include the existing restaurant equipment, as well as the catering vehicles, in the sale price
Exterior / Lot Features
50 Parking Spaces,
Current market conditions for 494 Electric Avenue
Active Market Trends
Median list price$399,000
Days on market112
Properties for sale53
Sold Market Trends
Median sold price$255,500
Sales to list price9,801.0%
Median sq ft price$144
Arrows indicate 90 day trend
Listing Price History for 494 Electric Avenue
Lunenburg Real Estate
Lunenburg is located in Massachusetts. Lunenburg, Massachusetts 01462 has a population of 1,365.
The median household income in Lunenburg, Massachusetts 01462 is $73,587. The median household income for the surrounding county is $65,968 compared to the national median of $53,046. The median age of people living in Lunenburg 01462 is 53.4 years.
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