28
See all 27 photos
$1,960,000
Est. payment /mo
9,216 SqFt
Active
338 Main St Southbridge, MA 01550
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 9,216 sqft
Price per Sqft $212
MLS Listing ID 73406320
HOA Y/N false
Year Built 1907
Annual Tax Amount $10,844
Tax Year 2025
Lot Size 5,662 Sqft
Acres 0.13
Property Description
Motivated seller - all reasonable offers considered. Prime downtown mixed-use investment property with an 8% cap rate ideal for long term stability. Zoned CC in a designated Opportunity Zone with both capital gain & historic tax credits. Exceptionally maintained, including new roof & furnace. First floor includes two commercial spaces: a new 10-year convenience store lease & an available 539 SF vanilla box. 13 fully occupied market-rate residential units on floors 2 & 3 provide steady income. Adjacent to a free municipal parking lot. Walking distance to local amenities as well as the WRTA bus stop with free fare throughout the entire greater Worcester region! Southbridge supports a stable tenant base with ~18K residents & a median income of ~$34K. Located minutes from I90 & I84 with easy access to Boston & NYC. Don't miss this exceptional opportunity!
Location
State MA
County Worcester
Zoning CC
Direction Rte. 20 East through Sturbridge to Southbridge.
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available
Roof Type Rubber
Total Parking Spaces 50
Others
Senior Community false
Virtual Tour https://my.matterport.com/show/?m=7EeZp37MjXj
Listed by Redfin Corp.
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