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318 Main St Southbridge, MA 01550

Sponsored
For Sale
$699,000

15-Unit Apartment Building, Prime Location

Property size:
20,000 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional redevelopment opportunity presents a 20,000 square foot mixed-use building situated on a 7,405 square foot lot at 318 Main Street in Southbridge, Massachusetts (zip code 01550). The three-story brick building, constructed in 1867, currently houses fifteen units: two ground-floor commercial storefronts and thirteen residential apartments. The asking price is $699,000, translating to $34.95 per square foot. The property is zoned "cc" and is designated as a historical building, making it eligible for potential historical tax credits. Located in an opportunity zone, this property offers significant potential for investors seeking to capitalize on the ongoing revitalization of downtown Southbridge. The building is being sold "as is," providing a blank canvas for a comprehensive renovation project. The property's prime location and substantial size present a unique chance to create a thriving mixed-use development in a growing area. While the renovation date is to be determined, this presents a chance to fully customize the building to meet modern standards and market demands. This is a rare chance to acquire a substantial property in a revitalizing downtown area with the potential for significant returns.

Property Features for 318 Main St

General Information

Property type
Multifamily properties
Square Feet
20,000 SF

Building Details

Year Built
1867
Buildings
1
Stories
3
Units
15

HighLights

  • Exceptional redevelopment opportunity: 20,000 SF mixed‑use building on a 7,405 SF lot at 318 Main Street, Southbridge, MA 01550.
  • Three‑story brick building (1867) with two commercial units and thirteen residential apartments.
  • Asking price: $699,000 ($34.95/SF).
  • CC zoning; designated historical building (eligible for tax credits); located in an Opportunity Zone.
  • Sold "as is," allowing for complete renovation to modern standards.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Southbridge
County
Worcester
State
Massachusetts
Longitude
-72.018534
Latitude
42.0703485

FAQs

What type of property is this?
Multifamily property - 15-Unit Apartment Building, Prime Location
Where is this multifamily property located?
The property is located at 318 Main St Southbridge, MA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Exceptional redevelopment opportunity: 20,000 SF mixed-use building on a 7,405 SF lot at 318 Main Street, Southbridge, MA 01550.; Three-story brick building (1867) with two commercial units and thirteen residential apartments.; Asking price: $699,000 ($34.95/SF).
More about this property
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