234-240 Main St Millbury, MA 01527
This exceptional mixed-use property, located at 234-240 Main Street in Millbury, Massachusetts, presents a unique investment opportunity. The 1,732 square foot building, constructed in 1960, boasts a desirable B2 zoning classification, allowing for versatile usage. The property features two units: a 600 square foot office space and an approximately 800 square foot apartment, ideal for a live-work arrangement or as a rental income generator. The building is equipped with water, sewer, and gas services, and features gas heating. Its prime location offers easy access to Route 146 and the Massachusetts Turnpike, ensuring convenient commuting. Ample parking is available on-site. The property sits across from the Shops at Blackstone Valley, providing high visibility and proximity to retail amenities. The 0.229-acre lot provides ample space. This is a rare opportunity to acquire a well-situated, mixed-use property in a thriving area, offering both immediate occupancy and long-term investment potential. The asking price is $325,000. This property is classified as a Class C building.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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