338 Main St Active Save Request In-Person Tour Request Virtual Tour
Southbridge,MA 01550
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 9,216 sqft
Price per Sqft $212
MLS Listing ID 73406319
Bedrooms 14
Full Baths 13
Half Baths 3
Year Built 1907
Annual Tax Amount $10,844
Tax Year 2025
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type 5+ Family - 5+ Units Up/Down
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.
Rooms
Basement Full
Interior
Heating Central,Natural Gas
Exterior
Community Features Public Transportation,Shopping,Park,Golf,Medical Facility,Laundromat,Highway Access,Public School
View Y/N Yes
View City View(s)
Roof Type Rubber
Total Parking Spaces 50
Garage No
Building
Story 3
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Others
Senior Community false
Virtual Tour https://my.matterport.com/show/?m=7EeZp37MjXj