365 Main St Sturbridge, MA 01566-2329
- Investment properties
- 4,992 SF
- 2.16 lot acres
May 07, 2025
Current Use by Public Records
- Investment properties
Property Details for 365 Main St
- Year built
- 2020
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.16 lot acres
- Property size
- 4,992 SF
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- STUR M:415 B:000 L:2551-365
- APU
- STURM415B000L2551365
Description
This exceptional investment opportunity presents a 4,992 sq ft, two-unit retail building in Sturbridge, MA, constructed in 2020. The property boasts a strong 8.09% cap rate and a substantial NOI of $161,482. Anchored by a recreational cannabis dispensary (Local Roots, 2500 sq ft) and a deli/food market (VE Foods, 2400 sq ft), both tenants are under long-term triple-net (NNN) leases, providing stable cash flow. The property also includes a nine-unit manufactured housing community at the rear, with eight of nine units occupied under monthly land leases, offering additional income streams and potential for future growth. The 2.16-acre lot features approximately 50 parking spaces. The property is zoned CD and offers a unique blend of retail and residential income, making it an attractive investment in a desirable location. The building is a single-story structure. This core+ NNN investment presents a compelling opportunity for investors seeking stable, high-yield returns. The property's location in Worcester County, MA, at 365 Main St, zip code 01566, provides excellent access to local amenities and transportation. The asking price is $1,995,000.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sturbridge
- County
- Worcester
- State
- Massachusetts
- Longitude
- -72.089
- Latitude
- 42.1113
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
