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338-340 Main St
Southbridge, MA 01550
Property For Lease
·
9,216 SF

About the Property
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.
Property Facts
| Property Type | Multifamily | Building Size | 9,216 SF |
| Property Subtype | Apartment | Year Built | 1907 |
| Apartment Style | Low-Rise |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Size | 9,216 SF |
| Year Built | 1907 |
Listing ID: 30889311
Date on Market: 2/6/2024
Last Updated:
Address: 338-340 Main St, Southbridge, MA 01550
The Multifamily Property at 338-340 Main St, Southbridge, MA 01550 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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