318 Main St, Southbridge, MA 01550
- Retail properties & Spaces
- 12,144 SF
- 0.17 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 318 Main St
- Year built
- 1867
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.17 lot acres
- Zone code
- CC
- Property type
- Retail properties & Spaces
- APN
- SBRI M:0035 B:0039 L:00001
- APU
- SBRIM0035B0039L00001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 18, 2022 | $400,000 | Brook Street Partners LLC | Southbridge Main LLC | Quit Claim Arm's Length For Ne States | $450k · Buy Now Funding LLC |
| Jul 20, 2021 | $500,000 | Southbridge Main LLC | Southbridge Re LLC | Foreclosure · related | — |
| Nov 27, 2020 | — | Southbridge Re LLC | — | Deed · related | $280k · Ira Services Trust Company |
| Sep 8, 2020 | — | Southbridge Re LLC | — | Deed · related | $51k · Stephen H Haig |
| Mar 18, 2019 | — | Southbridge Re LLC | Amaranth Loan Fund I LLC | Quit Claim Deed · related | — |
| May 16, 2018 | — | Amaranth Loan Fund I LLC | Southbridge Re LLC | Quit Claim Deed · related | — |
| Apr 25, 2014 | $157,500 | Southbridge Re LLC | Northeast Endeavors LLC | Quit Claim Deed | — |
| Jan 20, 2012 | — | Northeast Endeavors LLC | — | Deed Of Trust · related | $122k · Worth Funding INC |
| Oct 21, 2011 | $150,000 | Northeast Endeavors LLC | Goodwin Building LLC | Grant Deed | $122k · Thomas J Bohan |
| Jul 7, 2011 | $127,900 | Goodwin Building LLC | Bohan,kristin L | One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds · related | — |
| Apr 21, 2006 | $350,000 | 318 Main St Mgmt LLC | Bohan,kristin L | Grant Deed | $315k · Thomas J Bohan |
| Sep 28, 2004 | — | Kristin L Bohan | — | Deed Of Trust · related | $250k · Commonwealth National Bank |
| Jun 11, 2004 | $270,000 | Kristin L Bohan | James P Lamountain Nt | Grant Deed | — |
| Jul 17, 2003 | — | James P Lamountain Nt | — | Deed Of Trust · related | $750k · James P Lamountain Nt |
| Apr 12, 2001 | — | James P Lamountain | — | Deed Of Trust · related | $42k · Hometown Bank Coop |
| Nov 1, 2000 | — | James P Lamountain | — | Deed Of Trust · related | $116k · Hometown Bank Coop |
| Apr 13, 1999 | $140,000 | James P Lamountain | Goodwin,marilyn M | Grant Deed | $95k · Webster Five Cents Sav Bank |
| — | — | Southbridge Re LLC | — | Deed Of Trust · related | $72k · Bluedog Capital Partn |
| — | — | Southbridge Re LLC | — | Deed Of Trust · related | $125k · Xre LLC |
| — | — | Southbridge Re LLC | — | Deed Of Trust · related | $51k · Stephen H Haig |
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.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Southbridge
- County
- Worcester
- State
- Massachusetts
- Longitude
- -72.0341
- Latitude
- 42.0757
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
