248 Elm St Southbridge, MA 01550
For Sale
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This centrally located Southbridge commercial property at 248 Elm Street offers a unique opportunity for a variety of businesses. The 0.66-acre lot features a two-story building previously used as a machine shop, showcasing its robust construction. The floors are reinforced to support heavy equipment, a significant advantage for industrial or manufacturing operations. Convenient access is provided by a loading dock and a freight lift servicing the second floor. The building's electrical system has been updated, and all lighting in the shop area is energy-efficient LED. Climate control is ensured by a central air conditioning system, approximately two years old, supplemented by oil heat. A dedicated space houses two air compressors, enhancing operational efficiency. The property also includes four office spaces, one of which is large enough to accommodate four desks, providing ample administrative space. Three bathrooms and a kitchen area cater to employee needs. This versatile property presents a compelling investment opportunity in a desirable Southbridge location. The combination of heavy-duty construction, updated systems, and ample office space makes it suitable for a range of commercial applications. The property's central location and convenient features make it an attractive option for businesses seeking a well-equipped and strategically positioned space.
Limitations on signage, number of vehicles or parking spaces, noise, or hours of operation of construction equipment. 4. Limitation of size, method or hours of operation, extent of facilities, or other operating characteristics of a use. 5. Requirements pertaining to integrated emergency or alarm systems, maintenance, landscaping, dust control, wastewater di…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
OR · Southbridge, MALimitations on signage, number of vehicles or parking spaces, noise, or hours of operation of construction equipment. 4. Limitation of size, method or hours of operation, extent of facilities, or other operating characteristics of a use. 5. Requirements pertaining to integrated emergency or alarm systems, maintenance, landscaping, dust control, wastewater disposal or water supply, bond or other performance guarantee. 6. Requirements for independent monitoring, at the expense of the applicant, and reporting to the Zoning Enforcement Officer, if necessary to ensure continuing compliance with the conditions of a special permit or of this By-law. 7. Term for years with or without automatic renewals, to the extent allowed by law. 8. Requirements pertaining to tree protection, maintenance, or replacement. 9. Other limitations as may be reasonably related to reducing any adverse impact on, or increasing the compatibility of the proposed use, structure or activity with, the surrounding area. F. Special permits shall lapse within two years, which shall not include such time required to pursue or await the determination of an appeal under G.L. c. 40A, § 17 , from the grant thereof, if a substantial use thereof has not sooner commenced except for good cause, or, in the case of a special permit for construction, if construction has not begun by such date except for good cause. G. Special permits shall not take effect until filed with the Town Clerk. Proof of recording with the Registry of Deeds or Registry District of the Land Court shall be presented to the Zoning Enforcement Officer. H. Any special permit granting authority may hire professional consultants at the applicant’s expense pursuant to G.L. c. 44, § 53G , to assist with review of a special permit application; provided, that the procedures for hiring outside consultants are set forth in the applicable board’s rules and regulations. 2.6 Site Plan Approval. 2.6.1 Purposes. Site plan review is a means of managing the aesthetics and environmental impact of land use by the regulation of permitted uses, not their prohibition. Its purpose is to assure protection of the public interest consistent with a reasonable use of the site for the purposes permitted in the district. Accordingly, no building permit shall be issued for any use, site, or building alteration, or other improvement, that is subject to this Section 2.6 unless an application for site plan review has been submitted in accordance with the following requirements. 2.6.2 Applicability. Site plan review shall apply to the following: A.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
