Mixed-Use Building with
564 Main St. Southbridge, MA 01550
564 Main St., Southbridge, MA, 01550
$789,000
For Sale
$789,000
Street-level commercial space sits beneath three residential units, with two vacant units being upgraded.
Property Size5,876 SF
Price / SF$134.28
Days on Market90
Property Features for 564 Main St.
General Information
- Standard status
- Active
- Size
- 5,876 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing agency
Choice Realty RES
(617) 365-6522
Listed by
Bela Kasas · License #9538928
(617) 365-6522
Source
Alliancepartnersre
Added: Apr 23 Updated: Jul 20 at 7:41PM Checked: Jul 20 at 7:41PM
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 Choice Realty RES
Investment Insights
Based on property information with market context.
This mixed-use building combines street-level commercial space with three residential units above. The property has been recently updated with new siding and a new roof, while the commercial space requires full renovation. One residential unit is currently occupied, and two additional units are vacant and in the process of being upgraded by the seller.
Located on Main St. in Southbridge, the building offers a vertical live-work layout that can support an owner-occupied approach or an income-focused ownership strategy. Depending on the buyer’s plans, the commercial space may be configured as an additional residential unit.
The current configuration is street-level retail with three residential apartments on the upper floors, providing flexibility for a buyer who wants to refresh the commercial area and finalize the residential unit upgrades.
Located on Main St. in Southbridge, the building offers a vertical live-work layout that can support an owner-occupied approach or an income-focused ownership strategy. Depending on the buyer’s plans, the commercial space may be configured as an additional residential unit.
The current configuration is street-level retail with three residential apartments on the upper floors, providing flexibility for a buyer who wants to refresh the commercial area and finalize the residential unit upgrades.
Key Highlights
- Mixed‑use building on Main St. with street‑level commercial space and 3 residential units above
- Recently updated exterior with new siding and a new roof
- One residential unit currently occupied; two units are vacant and being upgraded by the seller
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $129.0k | $21.96 |
| − Vacancy | −$3.4k | −$0.57 |
| EGI | $125.7k | $21.39 |
| − OpEx | −$56.6k | −$9.63 |
| NOI | $69.1k | $11.76 |
5,876 SF · lease $21.96/SF/yr · vacancy 2.60% · expense 45.00%
Alternative Uses
Best Use
Retail
$1.24M
$1.09M – $1.45M
NOI $86,891 @ 7.0% cap · market cap 11.01%
Second Best
Multifamily LT 5
$1.13M
$992.9K – $1.32M
NOI $79,430 @ 7.0% cap · market cap 10.07%
Theoretical Best
Office A
$2.01M
$1.76M – $2.34M
NOI $140,460 @ 7.0% cap · market cap 17.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Street-level commercial space sits beneath three residential units, with two vacant units being upgraded.
Where is this mixed-use property located?
The property is located at 564 Main St. Southbridge, MA.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: Mixed‑use building on Main St. with street‑level commercial space and 3 residential units above; Recently updated exterior with new siding and a new roof; One residential unit currently occupied; two units are vacant and being upgraded by the seller
