78 Pleasant St Southbridge, MA 01550-1106
- Investment properties
- 3,500 SF
- 0.28 lot acres
Current Use by Public Records
- Investment properties
Property Details for 78 Pleasant St
- Year built
- 1900
- Construction
- FRAME
- Lot size
- 0.28 lot acres
- Property size
- 3,500 SF
- Zone code
- OR
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- SBRI M:0034 B:0124 L:00001
- APU
- SBRIM0034B0124L00001
Description
This exceptional Southbridge, MA property presents a unique investment opportunity, boasting a prime location in one of the town's busiest areas, just off Main Street and minutes from the downtown core. The 0.28-acre lot houses a building currently operating as a thriving bar and restaurant on the first floor, offering high visibility and easy access to major roadways, including Routes 90 and 84. This established business provides immediate income potential, with the option to continue its current operation or explore alternative commercial ventures. The second floor comprises a residential unit, consistently occupied by long-term tenants, generating additional rental income. This dual-income stream makes this property an attractive investment for those seeking both commercial and residential returns. The building's location also presents the potential for a riverside patio or outdoor dining area, enhancing the appeal and functionality of the first-floor commercial space. The property's strategic location and versatile layout offer limitless possibilities for expansion, new ventures, or simply securing a piece of prime real estate in a thriving community. The asking price is $375,000. The square footage is not currently available.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $255,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $255,000
- 6.5%
- $235,000
- 7%
- $225,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $270,000
- Geo Method
- $250,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $295,000
- Retail
- $240,000
- Mixed-Use
- $235,000
- Hospitality
- $215,000
- Educational
- $230,000
- Residential Income
- $255,000
- Energy
- $215,000
- Income-Based Land
- $270,000
- Food Service
- $245,000
Location Insight
- Map
- Local Demand
- City
- Southbridge
- County
- Worcester
- State
- Massachusetts
- Longitude
- -72.0448
- Latitude
- 42.0836
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA