Downtown Mixed-Use Investment
For Sale
$1,100,000
48-62 Central Street, Southbridge, MA 01550
Two-story mixed-use building with commercial space plus 3-, 2-, and studio residential units and 12 off-street parking spaces.
Property Size11,714 SF
Days on Market52
Property Features for 48-62 Central Street
General Information
Standard status
Active
Size
11,714 SF
Total Parking Spaces
12
Property subtype
Multifamily
Taxes and HOA fees
Annual Taxes
$16,082
Building Details
Building Size
11,714 SF
Year Built
1938
Listing Agency:
Horvath & Tremblay
(781) 776-4002
Listed By:
Ethan Lazar · License #9504385
Source:
Classifiedrealtygroup
Added: Jul 3
Changed: Aug 23
Last Checked: Aug 21 at 10:32PM
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
This two-story mixed-use building offers income-producing residential and commercial components. The property includes two commercial units and twelve residential units, consisting of two 3-bedroom/1-bath units, four 2-bedroom/1-bath units, and two studio units. The building totals 11,714 square feet of gross living area within 19,307 square feet of gross area. A 0.32-acre parcel supports 12 off-street parking spaces.
The property is positioned in downtown Southbridge with access to the town’s central business district, local retail corridors, and surrounding residential neighborhoods. It also benefits from convenient regional connectivity, including Route 131 (Main Street) and Route 169, with proximity to Interstate 90 in nearby Sturbridge.
With a combined layout of commercial and multiple residential unit types, the property is suited for investors seeking a straightforward mixed-use configuration on a parcel with dedicated parking.
The property is positioned in downtown Southbridge with access to the town’s central business district, local retail corridors, and surrounding residential neighborhoods. It also benefits from convenient regional connectivity, including Route 131 (Main Street) and Route 169, with proximity to Interstate 90 in nearby Sturbridge.
With a combined layout of commercial and multiple residential unit types, the property is suited for investors seeking a straightforward mixed-use configuration on a parcel with dedicated parking.
Key Highlights
- Mixed‑use two‑story building with 11,714 SF gross living area and 19,307 SF gross area on a 0.32‑acre parcel
- Unit mix: 2 commercial units; 2 units with 3 bed/1 bath; 4 units with 2 bed/1 bath; and 2 studio units
- 12 off‑street parking spaces serving the property
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
991
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 Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-story mixed-use building with commercial space plus 3-, 2-, and studio residential units and 12 off-street parking spaces.
Where is this apartment building located?
The property is located at 48-62 Central Street Southbridge, MA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Mixed‑use two‑story building with 11,714 SF gross living area and 19,307 SF gross area on a 0.32‑acre parcel; Unit mix: 2 commercial units; 2 units with 3 bed/1 bath; 4 units with 2 bed/1 bath; and 2 studio units; 12 off‑street parking spaces serving the property
