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$1,960,000
Est. payment /mo
9,216 SqFt
UPDATED:
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 downtown mixed-use investment property with an 8% cap rate ideal for investors seeking long term stability. Zoned Center Core in a designated Opportunity Zone offering both capital gain & historic tax credits. Exceptionally maintained, including a new roof and furnace. The first floor includes two commercial spaces: a new 10-year lease to a convenience store & an available 539 SF vanilla box with half bath. 13 fully occupied market-rate residential units on floors 2 & 3 provide steady income. Adjacent to a free municipal parking lot. Walking distance to CVS, Cumberland Farms, restaurants, Harrington Hospital, churches, parks, city hall, the post office, fire station & library, as well as the WRTA bus stop, with free fare to amenities through the entire greater Worcester region. Southbridge supports a stable tenant base with ~18K residents & a median income of ~$34K. Located minutes from I90 & I84, it offers 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
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Listed by Redfin Corp.
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Meghan Hess
Agent | License ID: 9523105, RES.0801096
Agent License ID: 9523105, RES.0801096