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    572 Main St Sturbridge, MA 01566

    For Sale
    $695,000

    Historic building, high potential. Prime location.

    Property size:
    8,618 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional redevelopment opportunity presents the Blackington Building, a 8,618 square foot mixed-use property situated on a 2.7-acre lot at 572 & 595 Main St, Sturbridge, MA 01566. Currently boasting 100% occupancy with two tenants (CrossFit Sturbridge & Past to Present Antiques), this property offers significant upside. The building, constructed in 1880, features two stories and is zoned CTD, allowing for commercial use. The property includes a 50-space parking lot, and over an acre of flat, cleared land suitable for additional retail, office, or multifamily development. Town approval has already been granted for six loft-style apartments on the second floor, presenting a clear path for expansion. The asking price is $695,000, translating to $80.64 per square foot. This prime Sturbridge location offers high visibility and accessibility, promising strong rental income and significant investment returns. Don't miss this chance to acquire a historic building with immense potential in a thriving business district.

    Property Features for 572 Main St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    8,618 SF
    Lot Size
    117,612 SF

    Building Details

    Year Built
    1880
    Buildings
    1
    Stories
    2

    HighLights

    • 8,618 SF office building
    • CTD‑zoned commercial property
    • Excellent Sturbridge location
    • Modern, well‑maintained building
    • Abundant employee & visitor parking
    • Flexible floor plan
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Sturbridge
    County
    Worcester
    State
    Massachusetts
    Longitude
    -72.11420969
    Latitude
    42.11616694

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    FAQs

    What type of property is this?
    Mixed-use property - Historic building, high potential. Prime location.
    Where is this mixed-use property located?
    The property is located at 572 Main St Sturbridge, MA.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: 8,618 SF office building; CTD-zoned commercial property; Excellent Sturbridge location
    (774) 239-1900
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    572 Main St Sturbridge, MA 01566
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    572 Main St Sturbridge, MA 01566
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