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    248 Elm St Southbridge, MA 01550

    Sponsored
    For Sale
    $650,000

    Spacious two-story building, ideal for various uses.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This centrally located Southbridge commercial property at 248 Elm Street offers a unique opportunity for a variety of businesses. The 0.66-acre lot features a two-story building previously used as a machine shop, showcasing its robust construction. The floors are reinforced to support heavy equipment, a significant advantage for industrial or manufacturing operations. Convenient access is provided by a loading dock and a freight lift servicing the second floor. The building's electrical system has been updated, and all lighting in the shop area is energy-efficient LED. Climate control is ensured by a central air conditioning system, approximately two years old, supplemented by oil heat. A dedicated space houses two air compressors, enhancing operational efficiency. The property also includes four office spaces, one of which is large enough to accommodate four desks, providing ample administrative space. Three bathrooms and a kitchen area cater to employee needs. This versatile property presents a compelling investment opportunity in a desirable Southbridge location. The combination of heavy-duty construction, updated systems, and ample office space makes it suitable for a range of commercial applications. The property's central location and convenient features make it an attractive option for businesses seeking a well-equipped and strategically positioned space.

    Property Features for 248 Elm St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    28,750 SF

    Building Details

    Year Built
    1890
    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
    -72.03683
    Latitude
    42.06849

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    FAQs

    What type of property is this?
    Commercial real estate - Spacious two-story building, ideal for various uses.
    Where is this commercial real estate located?
    The property is located at 248 Elm St Southbridge, MA.
    What is the asking price?
    The asking price for this property is $650,000.
    (508) 765-9155
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    248 Elm 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
    248 Elm St Southbridge, MA 01550
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