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    114 Pleasant St Southbridge, MA 01550

    Sponsored
    For Sale
    $1,500,000

    Refurbished Schoolhouse, 9730+ sqft, 1.17 Acres

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    340
    This exceptional 9730+ square foot commercial property, situated on a 1.17-acre corner lot in downtown Southbridge, MA, presents a unique investment opportunity. Originally a schoolhouse, it underwent a complete refurbishment in 2013 and boasts a blend of office, lab, warehouse, and flex space, ideal for a variety of uses. The building is currently configured with offices, labs, a conference room, lounge, kitchen, machine shop, and shower room, making it suitable for a range of businesses. The property includes 32 on-site parking spaces, ensuring ample parking for employees and clients. Its prime location at a busy four-way intersection with a four-way stop provides excellent visibility and high traffic counts. Convenient access to major routes (90, 395, 20, 31, and 131) further enhances its appeal. The property is zoned OR (Office/Research) and benefits from its location within an Opportunity Zone. Recent upgrades include a brand new high-efficiency HVAC system with heat pumps (installed 12/4/24), a recoated roof with a 25-year transferable silicone warranty, a sprinkler system, a security system, keyless entry, and infrared rejecting film on the windows. LED lighting has also been installed throughout. The property is sold fully furnished and equipped, with current occupancy primarily in biotech/lab uses. Importantly, there are no long-term leases in place, offering flexibility for the new owner.

    Property Features for 114 Pleasant St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    50,965 SF

    Building Details

    Year Built
    1981
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Southbridge
    County
    Worcester
    State
    Massachusetts
    Longitude
    -72.04403
    Latitude
    42.08433

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    FAQs

    What type of property is this?
    Commercial real estate - Refurbished Schoolhouse, 9730+ sqft, 1.17 Acres
    Where is this commercial real estate located?
    The property is located at 114 Pleasant St Southbridge, MA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    (800) 844-7653
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    114 Pleasant St Southbridge, MA 01550
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    114 Pleasant St Southbridge, MA 01550
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