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$799,999
Est. payment /mo
1.2 Acres Lot
UPDATED:
10/31/2024 01:48 PM
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 73301498
HOA Y/N false
Year Built 1958
Annual Tax Amount $15,378
Tax Year 2024
Lot Size 1.200 Acres
Acres 1.2
Property Description
Presenting a prime investment opportunity in the heart of Southbridge, MA, located at 39 Elm St. This 20,000 square foot commercial building features 19 units with the opportunity for expansion, generating a current monthly rent roll of nearly $13,000, with a pro forma potential nearing $20,000. Key highlights include a diverse tenant mix, strong visibility, and ample on-site parking with 80 spaces. The property also offers significant redevelopment potential (buyers and buyers agent to do their own due diligence) . The surrounding area is experiencing growth, making this an ideal opportunity for both immediate cash flow and long-term strategic investment.With its combination of robust current income, substantial upside through redevelopment, and a prime location with high visibility, this property represents an unparalleled opportunity.
Location
State MA
County Worcester
Zoning CC
Direction Center of Southbridge abutting the town hall.
Exterior
Utilities Available Public Water, Public Sewer
Roof Type Rubber,Slate
Total Parking Spaces 80
Others
Senior Community false
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Listed by Byrnes Real Estate Group LLC