114 Pleasant St Southbridge, MA 01550
Property Lookup
Property profile & analytics
114 Pleasant St Southbridge, MA 01550
- Manufacturing properties
- 9,730 SF
- 1.17 lot acres
Property ID
US38-1093459
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Manufacturing properties
Property Details for 114 Pleasant St
- Year built
- 1925
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.17 lot acres
- Property size
- 9,730 SF
- Zone code
- OR
- Property type
- Manufacturing properties
- APN
- SBRI M:0031 B:0039 L:00001
- APU
- SBRIM0031B0039L00001
Description
This exceptional 9730+ square foot commercial property, situated on a 1.17-acre corner lot in downtown Southbridge, MA, presents a unique investment opportunity. Originally a schoolhouse, it underwent a complete refurbishment in 2013 and boasts a blend of office, lab, warehouse, and flex space, ideal for a variety of uses. The building is currently configured with offices, labs, a conference room, lounge, kitchen, machine shop, and shower room, making it suitable for a range of businesses. The property includes 32 on-site parking spaces, ensuring ample parking for employees and clients. Its prime location at a busy four-way intersection with a four-way stop provides excellent visibility and high traffic counts. Convenient access to major routes (90, 395, 20, 31, and 131) further enhances its appeal. The property is zoned OR (Office/Research) and benefits from its location within an Opportunity Zone. Recent upgrades include a brand new high-efficiency HVAC system with heat pumps (installed 12/4/24), a recoated roof with a 25-year transferable silicone warranty, a sprinkler system, a security system, keyless entry, and infrared rejecting film on the windows. LED lighting has also been installed throughout. The property is sold fully furnished and equipped, with current occupancy primarily in biotech/lab uses. Importantly, there are no long-term leases in place, offering flexibility for the new owner.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,480,000
- 6.5%
- $1,365,000
- 7%
- $1,270,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,219,000
Market price range: $348k - $1.22M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $1,835,000
- RETAIL STORES
- $1,525,000
- AUTO REPAIR, GARAGE
- $1,495,000
- OFFICE BUILDING
- $1,325,000
- NEIGHBORHOOD: SHOPPING CENTER
- $1,230,000
- APARTMENT HOUSE (5+ UNITS)
- $1,165,000
- WAREHOUSE, STORAGE
- $975,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Southbridge
- County
- Worcester
- State
- Massachusetts
- Longitude
- -72.0438
- Latitude
- 42.0843
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$10,796
$84,200
$623,300
$707,500
-
$0.00
$0.00
$0.00
