318 Main St Southbridge, MA 01550

Property Details for 318 Main St

Year built

1867

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.17 lot acres

Property size

12,144 SF

Zone code

CC

Property type

Retail properties

APN

SBRI M:0035 B:0039 L:00001

APU

SBRIM0035B0039L00001

Description

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.

Location Insight

City

Southbridge

County

Worcester

State

Massachusetts

Longitude

-72.0341

Latitude

42.0757

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments