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    Property profile & analytics
    FOR SALE
    Commercial real estate

    572 Main St, Sturbridge, MA 01566

    8,618 SF 0.25 ac lot Built 1880
    Entity Owned 14-yr Hold ~ Est. High Equity
    Property ID
    US38-1378522
    Property summary
    AI-generated overview

    This exceptional redevelopment opportunity presents the Blackington Building, a 8,618 square foot mixed-use property situated on a 2.7-acre lot at 572 & 595 Main St, Sturbridge, MA 01566. Currently boasting 100% occupancy with two tenants (CrossFit Sturbridge & Past to Present Antiques), this property offers significant upside. The building, constructed in 1880, features two stories and is zoned CTD, allowing for commercial use. The property includes a 50-space parking lot, and over an acre of flat, cleared land suitable for additional retail, office, or multifamily development. Town approval has already been granted for six loft-style apartments on the second floor, presenting a clear path for expansion. The asking price is $695,000, translating to $80.64 per square foot. This prime Sturbridge location offers high visibility and accessibility, promising strong rental income and significant investment returns. Don't miss this chance to acquire a historic building with immense potential in a thriving business district.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1880
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 8,618 SF
    Lot 0.25 ac (10,890 SF)
    APN STUR M:415 B:000 L:2328-572
    UPID US38-1378522
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Blackington LLC · 14 yrs held
    Blackington LLC
    since 2012
    5 recorded transactions
    2022
    2012
    $265,000
    2012
    2004
    2002
    $25,304
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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