FORMER PAPA RAZZI DEVELOPMENT: 768 ELM STREET, CONCORD, MA
This 4.9-acre site, previously home to a 7,890 GSF Papa Razzi restaurant, was acquired by Crosspoint and approved for redevelopment as a 15,000 SF retail building with multiple tenants. The property is located at the busy intersection of Route 2 and Elm Street, offering great visibility and access. The potential tenants are well-known brands with solid credit and loyal customers. The project will create a new and attractive retail hub, with outdoor seating, landscaping, and plenty of parking. The town officials and residents have strongly supported the project, which matches the community’s vision and needs. The property enjoys the advantages of being in Concord, a historic and affluent town known for its exceptional demographics.
Features
Address: 768 Elm Street, Concord, MA
- Asset Class: Retail
- Total GLA: 15,000 SF
- Parking: 118 spaces
- Traffic Count: 55,000 ADT
- 4.9 Acres (1.5 acres usable)
- Exceptional demographics
- Average household income: $250,000+
- Average home value: $1,300,000
Key Tenants
- Coffee Shop
- Fast Casual Restaurant
- Walk-In Bank with ATM
- Full-Service Restaurant