Southbridge Industrial Building for
For Sale
$4,000,000
35 Optical Drive, Southbridge, MA 01550
198,300 SF industrial building suited for marijuana cultivation and manufacturing.
Property Size198,300 SF
Price / SF$20.17
Days on Market158
Property Features for 35 Optical Drive
General Information
Standard status
Active
Size
198,300 SF
Property subtype
Industrial
Building Details
Building Size
198,300 SF
Year Built
1942
Listing Agency:
Kelleher & Sadowsky
(508) 635-6790
Listed By:
James Umphrey · License #72125
Source:
Kelleher-sadowsky
Added: Mar 26
Changed: Aug 26
Last Checked: Aug 29 at 6:14AM
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 Kelleher & Sadowsky
Investment Insights
Based on property information with market context.
This 198,300 SF industrial building is ideally suited for marijuana cultivation and manufacturing. Located within the Southbridge Innovation Center, a 1.2 million square foot Industrial and Technology Park, the property benefits from advantageous zoning, park security, and the absence of residential abutters. Adult Use Marijuana is a permitted use at the Southbridge Innovation Center, subject to Special Permit and Site Plan Approval from the Town of Southbridge. The voters of the Town of Southbridge overturned the ban on adult-use marijuana in June 2019, with Town Counsel adopting the ban reversal in October 2019 and the final version of adult use marijuana zoning bylaws in November 2019. Situated on Optical Drive in Southbridge, MA, the property is located in a well-established industrial hub, near key manufacturing and distribution centers, including the Southbridge Industrial Park. The area provides strategic positioning and convenient access to major highways, making it suitable for growth and expansion in the industrial and manufacturing sectors. This location offers a supportive business environment and access to skilled labor, presenting compelling opportunities for investors seeking a robust industrial landscape.
Key Highlights
- 198,300 SF industrial building perfectly suited for marijuana cultivation and manufacturing.
- Adult Use Marijuana is a permitted use with Special Permit and Site Plan Approval.
- Located in the Southbridge Innovation Center, part of a 1.2 million square foot Industrial and Technology Park.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
519
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Cannabis property - 198,300 SF industrial building suited for marijuana cultivation and manufacturing.
Where is this cannabis property located?
The property is located at 35 Optical Drive Southbridge, MA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 198,300 SF industrial building perfectly suited for marijuana cultivation and manufacturing.; Adult Use Marijuana is a permitted use with Special Permit and Site Plan Approval.; Located in the Southbridge Innovation Center, part of a 1.2 million square foot Industrial and Technology Park.
