Five-Unit Mixed-Use
For Sale
$1,095,000
454 Main Street, Sturbridge, MA 01518
Retail and professional office spaces are occupied, with on-site parking for tenants and visitors.
Property Size5,929 SF
Lot Size0.53 Acres
Price / SF$184.69
Days on Market8
Property Features for 454 Main Street
General Information
Standard status
Active
Size
5,929 SF
Total Parking Spaces
28
Lot size
0.53 Acres
Property subtype
Commercial
Zoning
Commercial Tourist District
Building Details
Year Built
1850
Tenancy
Multi
Listing Agency:
RE/MAX Prof Associates
Listed By:
Lexi O'Brien
(508) 320-6529
Source:
Kelleyrege
Added: Sep 28
Changed: Oct 4
Last Checked: Oct 4 at 10:02AM
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 RE/MAX Prof Associates
Investment Insights
Based on property information with market context.
At 454 Main Street, this mixed-use commercial property combines five distinct units serving retail and professional office uses. The building contains approximately 5,929 square feet and sits on 0.53 acres. Its existing occupancy provides rental income, while the unit mix supports continued commercial use across both retail and office space.
The property is located in Sturbridge’s Commercial Tourist District and includes 28 newly paved parking spaces. The site address is 454 Main Street, Sturbridge, Massachusetts 01518.
The property is located in Sturbridge’s Commercial Tourist District and includes 28 newly paved parking spaces. The site address is 454 Main Street, Sturbridge, Massachusetts 01518.
Key Highlights
- Five units with retail and professional office uses
- Approximately 5,929 square feet on 0.53 acres
- 28 newly paved parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,674
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,753,480
$1.8M
Cap Rate 7%
$1,252,486
$1.3M
Cap Rate 9%
$974,156
$974.2K
Market Conditions
NOI Build-Up for 5,929 SF
Gross rent
$128.1K $21.60/SF
− Vacancy
−$2.8K −$0.48/SF
EGI
$125.2K $21.12/SF
− OpEx
−$37.6K −$6.34/SF
NOI
$87.7K $14.79/SF
Area
Worcester County, MA
Vacancy
2.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,753,480
Cap Rate 7%
$1,252,486
Cap Rate 9%
$974,156
Alternative Uses
Best Use
Office B
$1.54M
$1.35M – $1.80M
NOI $108,056 @ 7.0% cap · market cap 9.87%
Second Best
Retail
$1.25M
$1.10M – $1.46M
NOI $87,674 @ 7.0% cap · market cap 8.01%
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M
NOI $141,727 @ 7.0% cap · market cap 12.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
277
Businesses Nearby
Explore this area
Business Placement
Demographics for 01518, MA
3,176
Population
1,291
Households
2.5
Avg Household Size
40
Median Age
47%
College-Educated
97%
High-School Grad
12.2 sq mi
ZIP Area
260
Density / Sq Mi
$111,193
Median Household Income
$64,856
Median Earnings
$1,051
Median Rent
$410,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail and professional office spaces are occupied, with on-site parking for tenants and visitors.
Where is this mixed-use property located?
The property is located at 454 Main Street Sturbridge, MA.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Five units with retail and professional office uses; Approximately 5,929 square feet on 0.53 acres; 28 newly paved parking spaces
