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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 6,818 SF with subdivision flexibility and the infrastructure 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.

More Info

Basic Information

  • Mls StatusNew
  • Parcel Number M:03 B:013 L:00016,1763877

Tax Information

  • Tax Year 2025
  • Taxes$287,129

Rooms

  • Bathroom4

Basic Information

  • List Price$25
  • MLS Number73565399
  • Modification Date08/19/2026

Location

  • Address50A Franklin Street
  • Building Number50a
  • CountyWorcester
  • NeighborhoodDowntown
  • StateMA
  • StreetFranklin Street
  • SubdivisionDowntown
  • TownWorcester
  • Zip01608

Building

  • Building Area Units Square Feet
  • Utilities Public Water, Public Sewer, Natural Gas Available, 220 Volts
  • Year Built1912

Property

  • Acreage0.78
  • Frontage Length 80

Exterior

  • RoofRubber

Property Information

  • Living Area 241,766
  • Lot Size Square Feet 34,058
  • Lot Size Units Acres
  • Square Feet241,766

Other

  • Date Listed08/19/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Alissa Charles of Centre Realty Group

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