Downtown Southbridge Mixed-Use
For Sale
Contact for pricing
318 Main St, Southbridge, MA 01550
Investment opportunity: 15-unit building with storefronts in revitalizing downtown.
Property Size20,000 SF
Price / SF$27.50
Days on Market690
Property Features for 318 Main St
General Information
Standard status
Active
Size
20,000 SF
Property subtype
Mixed Use, Multifamily
Zoning
cc
Investment Type
Redevelopment
Building Details
Year Built
1867
Buildings
1
Stories
3
Units
15
Listing Agency:
Worcester Multi
Listed By:
Brian Allen · License #MA 9583389
(508) 868-0927
Source:
Crexi
Added: Oct 15, 2024
Changed: Sep 3
Last Checked: Sep 3 at 10:51AM
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 Worcester Multi
Investment Insights
Based on property information with market context.
This is an investment opportunity to develop a 15-unit building in downtown Southbridge. The brick building includes two storefront units on the first floor, with an additional 13 residential rental units above and behind. The property is located in an opportunity zone and is registered as a historical building, offering potential historical tax credits. The building is situated in the downtown area of Southbridge, which is currently undergoing revitalization. The building is being sold "AS-IS". The building department has indicated that this is BP only and no zoning is required. The property size is 20000 square feet.
Key Highlights
- Opportunity to build a 15‑unit building in downtown Southbridge.
- Located in an opportunity zone.
- Registered as a historical building, offering potential tax credits.
Property Analytics
Property Profile
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?
Mixed-use property - Investment opportunity: 15-unit building with storefronts in revitalizing downtown.
Where is this mixed-use property located?
The property is located at 318 Main St Southbridge, MA.
What is the asking price?
The asking price for this property is $549,988.
What are key features of this property?
This property features: Opportunity to build a 15‑unit building in downtown Southbridge.; Located in an opportunity zone.; Registered as a historical building, offering potential tax credits.
