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Off Market
1/5

338-340 Main St
Southbridge, MA 01550


OVERVIEW

This prime downtown mixed-use property offers a compelling investment opportunity with an 8% cap rate, ideal for long-term stability. Zoned Center Core (CC) and located within a designated Opportunity Zone, it qualifies for both capital gain and historic tax credits. The building is exceptionally maintained, featuring a new roof and furnace. The first floor includes two commercial spaces—one leased to a convenience store under a new 10-year agreement and another 539-square-foot unit available for lease. The upper floors house 13 fully occupied market-rate residential units, providing steady income. Situated adjacent to a free municipal parking lot and within walking distance to local amenities and public transit, the property benefits from strong tenant demand in a community of approximately 18,000 residents. Its proximity to major highways like I-90 and I-84 ensures easy access to Boston and New York City.

FOR LEASE DETAILS

PRICE

-

# OF UNITS

-

% LEASED

-

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

9216

STORIES

3

YEAR BUILT

1907

PARKING SPACES

-

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

SBRI-000035-000036-000001