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**CURRENT INCOME (+) UPSIDE** Priced to sell at city assessment - exceptional investment opportunity to participate in Worcester's post Covid-19 resurgence. Historic, currently shuttered and developable, the 4-story Olympia Theatre/Music Hall ( formerly 1,300 seat capacity), is located in Worcester's downtown opportunity zone and included in the Worcester Redevelopment Authority's Urban Revitalization Plan. Currently producing a (5+%) cash-on-cash annual income from a Class A street level, triple-net lease - with bringing (2nd) street-level retail space back online cash-on-cash is (9+%). Great upside from renovated music hall performance revenue. Sizeable federal and state grants available for Theatre/Music Hall renovation. Up to $30,000 of City of Worcester Downtown Facade Grant Program funds available.

Property Details of 17-27 Pleasant

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Listed by Michael Alves and Scott Dennett of Keller Williams Realty Leading Edge

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