MA > Southbridge
Southbridge, MA 01550,338 Main St
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Southbridge, MA 01550,338 Main St,Video Tour
Southbridge, MA 01550,338 Main St
Southbridge, MA 01550,338 Main St
Southbridge, MA 01550,338 Main St
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Randal Engelmann

Randal Engelmann

Focus Real Estate

+1(617) 676-4082
$ 1,960,000
Est. payment /mo
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338 Main St Southbridge, MA 01550

14 Beds

14.5 Baths

9,216 SqFt

UPDATED:

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

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.

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

Listed by Redfin Corp.
agent

FOCUS Real Estate

Broker | License ID: 422219

+1(617) 676-4082

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