470 Southbridge St Auburn, MA 01501

Property Details for 470 Southbridge St

Year built

1986

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.00 lot acres

Property size

13,352 SF

Property type

Retail properties

APN

AUBU M:0040 L:0051

APU

AUBUM0040L0051

Description

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.

Location Insight

City

Auburn

County

Worcester

State

Massachusetts

Longitude

-71.843

Latitude

42.1981

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments