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    Property profile & analytics
    OFF-MARKET Estimated value $955,000
    Retail properties & Spaces

    470 Southbridge St, Auburn, MA 01501-2442

    13,352 SF 1 ac lot Built 1986
    Entity Owned 11-yr Hold ~ Est. High Equity
    Property ID
    US38-0475414
    Property summary
    AI-generated overview

    This exceptional 31,395 square foot retail storefront, located at 470 Southbridge Street in Auburn, Massachusetts, presents a compelling investment opportunity. Built in 1986 and situated on a one-acre lot, the property boasts 100% occupancy with three long-term tenants. The anchor tenant, Floors and Kitchens Today, a locally owned business with national buying power and a 37-year history, occupies approximately half the building. Nals Paint, a family-owned business with over 40 years of experience, occupies 2,200 square feet, and Floors and More, a third-generation flooring retailer assisting independent retailers, occupies just under 7,000 square feet. The building also includes approximately 2,000 square feet of common area. The property is zoned LB and benefits from a high-traffic location near major retail areas. This well-maintained property offers a stable income stream with long-term tenants, making it an attractive investment for discerning buyers. The asking price is $4,500,000, and the lease type is NNN. This is a rare opportunity to acquire a fully occupied, high-performing retail center in a desirable location. The property's strong tenant base and prime location ensure a consistent return on investment.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Use group DEPARTMENT STORE
    Year built 1986
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 13,352 SF
    Lot 1 ac (43,560 SF)
    APN AUBU M:0040 L:0051
    UPID US38-0475414
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Floors & Kitchens Today Carpet & Flooring Store Hardware & Home Improvement
    • NAL'S Paint Center Hardware & Home Improvement Building Supply
    • Big Bob's Flooring Carpet & Flooring Store
    • Landmark Home Interiors General Contractor
    • Eternally Homes Carpet & Flooring Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.30M
    Blend (final) Blend
    $955k
    Owner & transaction history
    Ft Realty LLC · 11 yrs held
    Ft Realty LLC
    since 2014
    4 recorded transactions
    2022
    2019
    2014
    $2.5M
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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