1086-1088 Washington Street Norwood, MA 02062

Sale: Business & Real Estate: Mixed-Use (Restaurant & 3 Apartments)
Priced at $1,750,000

The subject property is situated in the town of Norwood less than 25 miles south of Boston. It is comprised of a single parcel of land totaling 14,478 SF, improved mixed-use building. It is located at 1086–1088 Washington St. Norwood. The subject property is further identified as Parcel 9-3-19. Priced at $1,750,000, the Spring 2025 appraised value. This price includes the business, state liquor license, equipment and furnishings.

Real Estate

• This 10,000 SF building is made up of three 2nd-floor, 2- and 3-bedroom; 1- bathroom apartments and a family-style 140-seat, three-function restaurant that includes dining, a bar with a full liquor license and a separate room for events.

• The apartments average $3,200/mo. Single-family homes in the neighborhood have sold at an average price point of $725,000 over the last 6 months.

• Condominium units average $535,000. A nearby 3-unit apartment investment at 25 Sturtevant Ave sold in July 2024 for $1.31MM.

Business
The first floor, basement and outside walk-in refrigerator of the property are dedicated entirely to restaurant use. This commercial space features a fully equipped restaurant, bar and multiple function/event spaces, located in a prime downtown area that benefits from high visibility, steady and loyal neighborhood foot traffic and strong local demand making it ideal for hospitality, dining, sports and event-driven functions.