338 Main St new Save Request In-Person Tour Request Virtual Tour
Southbridge,MA 01550
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
Prime mixed-use investment property in downtown with an 8% cap rate ideal for investors seeking long term stability. Zoned Center Core (CC) The building has 13 residential units on floors 2 and 3, providing steady income. The first floor includes two commercial spaces: a new 10-year lease to a convenience store and another unit available for retail. Recent upgrades include a new furnace and roof to protect your investment. Southbridge, with ~18K residents and a median income of ~$60K, supports a stable tenant base. Located minutes from the Mass Turnpike and Route 84, it offers easy access to Worcester, Hartford, Boston, Springfield, and New York. Walking distance to City Hall, restaurants, Harrington Hospital, CVS, Cumberland Farms, churches, parks, the post office, fire station & library, as well as the WRTA bus stop, with free fare to amenities throughout greater Worcester! A free municipal parking lot behind the building adds convenience. Don't miss this turnkey 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