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Mixed-Use Income Property with Warehouse
For Sale
$780,000

166 Mechanic St, Southbridge, MA 01550

Mixed-use building with updated residential units, a commercial storefront, and a large paved parking area.

Property Size14,500 SF
Price / SF$53.79
Days on Market50

Property Features for 166 Mechanic St

General Information

Standard status Active
Size 14,500 SF
Property subtype Investment

Additional Details

Business Included Yes
Highway Access Yes
Multifamily Units 4

Building Details

Year Built 1900
Listing Agency: Keller Williams Elite
Listed By: Eduardo Franco
Source: Elliman
Added: Jun 18 Changed: Jul 10 Last Checked: Aug 5 at 11:42AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Elite

Investment Insights

Based on property information with market context.

This mixed-use property includes a commercial storefront plus a substantial warehouse/workshop component totaling 14,500 square feet. The building features four fully updated residential units and also contains a climate-controlled, fully finished two-bedroom suite within a portion of the warehouse, with a full kitchen, full bath, and its own mini-split system. The upper floors include four two-bedroom apartments, along with a full top floor designated for additional storage rooms. A large paved parking lot is also included, described as roughly the size of a half football field.

The property is located close to Route 20, Route 169, and the Mass Pike. BikeScore is listed as 28 (Somewhat Bikeable) and walkScore is listed as 36 (Car-Dependent), which supports a practical, vehicle-oriented use.

Designed for flexible ownership and operation, the combination of residential income and retail frontage can support an owner-occupant or a manager-led setup, while the warehouse space and paved parking may appeal to tenants needing room for vehicles and daily operations. The on-site storage areas can also help accommodate business-related needs for a variety of tenant types.

Key Highlights

  • 14,500 SF mixed‑use building built in 1900 with 4 updated residential units plus a commercial storefront
  • Warehouse/workshop component includes a climate‑controlled, fully finished 2‑bedroom suite with full kitchen and full bath
  • 2‑bedroom suite has its own mini‑split system and can serve as an owner‑occupant setup or a manager’s office

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Parking Lot & Garage Real Estate Agency (Bike/Boat/Book/etc) Store Carpet & Flooring Store Storage Facility Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Turnkey business
Opportunity
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

677
Businesses Nearby

Demographics for 01550, MA

17,740
Population
7,644
Households
2.3
Avg Household Size
39
Median Age
18%
College-Educated
82%
High-School Grad
20.2 sq mi
ZIP Area
878
Density / Sq Mi
$59,397
Median Household Income
$41,365
Median Earnings
$1,157
Median Rent
$267,000
Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Mixed-use building with updated residential units, a commercial storefront, and a large paved parking area.
Where is this apartment building located?
The property is located at 166 Mechanic St Southbridge, MA.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: 14,500 SF mixed‑use building built in 1900 with 4 updated residential units plus a commercial storefront; Warehouse/workshop component includes a climate‑controlled, fully finished 2‑bedroom suite with full kitchen and full bath; 2‑bedroom suite has its own mini‑split system and can serve as an owner‑occupant setup or a manager’s office
More about this property
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