A Fitchburg pawn shop will soon be converted into a convenience store, following a $345,000 sale.
The sale of 401 Summer St. was finalized on Wednesday, according to Worcester Northern Registry of Deeds records, and saw the property sold to Sivangi C LLC, a Fitchburg-based entity managed by Chiragbhai Patel and Trusharkumar Patel.
The Patels seek to turn the pawn shop into a convenience store, adding to their portfolio of stores, according to a press release issued by Worcester-based NAI Glickman Kovago & Jacobs on Thursday.
The pawn shop was sold by Craig Longvall and operated under the name The Cash Exchange. Longvall is also attempting to sell his third and final pawn shop, located at 130 West Boylston St. in Worcester, according to NAI.
Built in 1945, the building on site sits at 1,232 square feet. The property was given a tax assessment value of $250,800 in 2024, according to City of Fitchburg property records.
David Burwick and Tim Whittredge of NAI Glickman Kovago & Jacobs represented both parties in this transaction.
Eric Casey is a staff writer at Worcester Business Journal, who primarily covers the manufacturing and real estate industries.
