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833 Main StreetSouthbridge, MA 01550MLS Number 72719918

  • Price: $499,000
  • 20 Days on Market
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Federal 30-year interest rate: 2.87% last updated on Sep 17, 2020
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833 Main Street Southbridge MA 01550833 Main Street Southbridge MA 01550833 Main Street Southbridge MA 01550833 Main Street Southbridge MA 01550833 Main Street Southbridge MA 01550833 Main Street Southbridge MA 01550833 Main Street Southbridge MA 01550833 Main Street Southbridge MA 01550833 Main Street Southbridge MA 01550833 Main Street Southbridge MA 01550833 Main Street Southbridge MA 01550833 Main Street Southbridge MA 01550833 Main Street Southbridge MA 01550
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  • 1.01Acreage
  • 2005Year Built
  • 13,734Square Feet
For sale or lease (See MLS # 72625542 for lease info). Also for sale in combination with MLS #72576883 . The total leasable square footage is over 13,000 square feet sitting on a large 1.01-acre lot. The entire property will be vacated and presents an excellent opportunity for an owner-user, or investor. Sellers target to vacate is September, but can be flexible given the buyers requirements. The subject property can be easily leased to multiple tenants creating an excellent investment opportunity. With 13,495 square feet and market estimates at $12 per square feet, potential annual gross income estimates are over $156,000, net of over $118,000 per year yielding a strong 26% capitalization rate. Property is zoned M, manufacturing. See attached all allowable zoning uses (including marijuana cultivation and sales).Main Street location with heavy traffic. Close to the Mass Turnpike and Rt. 84.
Listed by Lawrence Mandell of Coldwell Banker Realty - Sturbridge

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More Info

Parking

  • Parking Spaces20
  • Total Parking Spaces20

Building

  • Year Built2005
  • Total Units2
  • Total Bldg Sf13734
  • No Of Driving Doors2
  • No Buildings2
  • No Of Restrooms2
  • No Stories2
  • SprinklersYes
  • Entry OnlyNo
  • ElevatorNo
  • Assessed Value Bldg213200
  • DividableYes
  • Mau Units1

Photos

  • Photo Date2020-09-03T08:06:00
  • Number of Photos13

Basic Information

  • MLS Number72719918
  • Prop TypeCI
  • Status Date2020-09-03T08:06:00
  • Date Listed09/03/2020
  • List Price$499,000
  • Price Per Square Foot$36
  • LeaseYes
  • DirectionMassPike, Exit 9 to Sturbridge, Rt. 20W to Rt. 131(Southbridge).
  • MLS StatusActive

Interior

  • Ceiling Height20

Location

  • StreetMain Street
  • TownSouthbridge
  • StateMA
  • Zip01550
  • CountyWorcester

Property

  • Acreage1.01
  • Net Operating Inc118695
  • Space AvailableFor Sale
  • Site ConditionDry, Level, Open
  • Square Feet13,734
  • SubletNo
  • Gross Annual Exp21705
  • Lot Size43995
  • Gross Annual Income156000
  • Handicap AccessYes
  • Assessed Value Land72400
  • Main LoAN6181

Other

  • Modification Date2020-09-07T03:05:00
  • Property TypeCommercial
  • Listing AlertNo
  • EasementsYes
  • Year Built SourceOwner
  • DisclosureNo
  • DisclosuresSprinkler system in one section of building only. Gross income assumes $12 PSF, net operating income includes a 10% vacancy rate assumption.
  • Book37360
  • Listing AgreementExclusive Right to Sell
  • Maf Bldg Sf13494
  • Off Bldg Sf240
  • ExchangeNo
  • Page356

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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