This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
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 |
