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470 Southbridge St 25,000 SF 100% Leased Retail Building Auburn, MA 01501 $4,950,000 ($198/SF) 7.39% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Prominent signage opportunities on I-290
  • Immediate access to I-90, I-290
  • Strong in-place NOI

EXECUTIVE SUMMARY

Exceptional Retail Investment Opportunity!
Located in the heart of Auburn’s premier retail corridor, this outstanding investment property offers a rare combination of location, visibility, and income stability. Located directly across from the Auburn Mall and with immediate access to the Massachusetts Turnpike (I-90) and I-290, the property benefits from heavy daily traffic and regional accessibility. The building itself is of excellent quality, well-maintained, and built to support a variety of retail or service-oriented uses. Additionally, the Seller may have the ability to deliver the property vacant at closing to an end building user, offering flexibility for owner-occupants or redevelopment.
Prominent signage opportunities along I-290 further enhance the property's visibility and branding potential, making it an ideal location for tenants seeking maximum exposure.
With a strong in-place net operating income and long-term potential for value growth, this asset offers investors immediate cash flow in a high-demand market. Surrounded by major national retailers and restaurants, this is a strategic acquisition in a proven location.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
25,000 SF
Building Class
B
Year Built
1986
Price
$4,950,000
Price Per SF
$198
Cap Rate
7.39%
NOI
$366,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
1 Exterior
Building FAR
0.57
Lot Size
1.00 AC
Zoning
C
Parking
60 Spaces (2.4 Spaces per 1,000 SF Leased)
Frontage
206’ on Southbridge St

AMENITIES

  • Freeway Visibility
  • Pylon Sign
  • Signage

NEARBY MAJOR RETAILERS

TD Bank
Outback Steakhouse
Bank of America
Starbucks
Shaw's
Anytime Fitness
Applebee's

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
AUBU-000040-000000-000051
Land Assessment
$239,400
Improvements Assessment
$1,073,900
Total Assessment
$1,313,300
  • Listing ID: 35605575

  • Date on Market: 4/23/2025

  • Last Updated:

  • Address: 470 Southbridge St, Auburn, MA 01501

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