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    FOR SALE
    Retail properties & Spaces

    879 Southbridge St, Auburn, MA 01501

    464 SF 0.43 ac lot Built 1967
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US38-1598151
    Property summary
    AI-generated overview

    This exceptional 3.5-acre corner lot in Worcester County presents a unique build-to-suit opportunity. Located at a signalized intersection on Route 12/20, this property boasts unparalleled visibility and accessibility, with daily traffic counts exceeding 35,000 vehicles. Its strategic location less than a mile from the Route 290/395 interchange and 1.3 miles from the Mass Pike ensures convenient access for commuters and customers. The flat lot, featuring all utilities, is ideal for a variety of commercial uses, including mixed-use retail with drive-thru capabilities, medical facilities, or multifamily developments. The site's history as a landmark restaurant for over 65 years adds to its established presence within the community. Further enhancing its appeal, over 600 multi-family housing units are currently under construction across the street, creating a burgeoning residential population. This prime location offers significant potential for developers seeking a high-traffic, highly visible site with excellent connectivity to major roadways. The property was built in 1967 and is currently available for lease as a single-tenant space. This is a rare opportunity to develop a thriving commercial venture in a rapidly growing area.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Use group DEPARTMENT STORE
    Year built 1967
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 464 SF
    Lot 0.43 ac (18,842 SF)
    APN AUBU M:0065 L:0009
    UPID US38-1598151
    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
    • Royal Image Barber Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Regency Re Investment LLC · 1 yrs held
    Regency Re Investment LLC
    since 2025
    Last sale
    $828,500
    3 recorded transactions
    2025
    $828,500
    2003
    $1
    2002
    $232,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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