Mixed-Use Building with
564 Main St. Southbridge Southbridge, MA 01550
564 Main St. Southbridge, Southbridge, MA, 01550
$789,000
For Sale
$789,000
Street-level retail space with three residential units above, recently updated exterior, with one unit currently occupied.
Property Size5,876 SF
Price / SF$134.28
Days on Market50
Property Features for 564 Main St. Southbridge
General Information
- Standard status
- Active
- Size
- 5,876 SF
Building Details
- Year Built
- 1900
Listing agency
Choice Realty RES
(508) 501-1443
Listed by
Stephen Rose · License #9538928
(508) 501-1443
Source
Milestonerealtyinc
Added: Jun 3 Updated: Jul 22 at 8:20AM Checked: Jul 22 at 8:20AM
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 features street-level commercial space with three residential units on the floors above. The property has been recently updated with new siding and a new roof. One residential unit is currently occupied, while the two remaining units are vacant and in the process of being upgraded by the seller.
The commercial space requires a full renovation. Depending on the needs of a future owner, the commercial area may be adaptable for additional residential use, potentially including a fourth residential unit.
Overall, the building offers an owner-occupant or investor the opportunity to bring the ground-floor commercial space up to standard while finishing the upgrades to the upper units.
The commercial space requires a full renovation. Depending on the needs of a future owner, the commercial area may be adaptable for additional residential use, potentially including a fourth residential unit.
Overall, the building offers an owner-occupant or investor the opportunity to bring the ground-floor commercial space up to standard while finishing the upgrades to the upper units.
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
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Street-level retail space with three residential units above, recently updated exterior, with one unit currently occupied.
Where is this mixed-use property located?
The property is located at 564 Main St. Southbridge 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
