572 Main St, Sturbridge, MA 01566
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.