Sophia Lengyel
Coldwell Banker Residential Brokerage
  • Direct: 508-344-4494
  • Phone: 800-225-5947
  • Cell: 508.344.4494
  • Fax: 508-742-4117

Listing Alert/Pending
833 Main St.  Map It | Directions
Southbridge, MA 01550
833 Main St. Southbridge, MA 01550
$499,000
List Price
2
Buildings
43,995
Lot Size
Commercial
Type of Comm.
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.

Highlights
List Price:$499,000Restrooms:2Lot Size:43,995
Type:CommercialStories:2Total Sq. Ft.:13,734
Type of Comm.:CommercialBuildings:2Year Built:~2005
Status:ActiveTotal Units:2Approx. GLA:13,734
Space Available:For SaleParking Spaces:20MLS#:72625542
Driving Doors:2Acres:1.01
Interior
Ceiling Height:20Elevator:No
Exterior
Acres:1.01Space Dividable:Yes
Easements:YesExpandable:Unknown
Handicap Access:YesLot Size:43,995
Parking Spaces:20Railroad Siding:Unknown
Site Condition:Dry, Level, OpenSprinklers:Yes
Underground Tank:UnknownBeach:Unknown
Building
Sq. Ft.Units
Residential:00
Office:2401
Retail:00
Warehouse:00
Manufacturing:13,4941
Total:13,7342
Taxes
21E On File:YesAssessed Building Value:$213,200
Assessed Land Value:$72,400Taxes:$5,926
Tax Year:2019Book/Page:37360/356
Plat Plan:UnknownSpecial Financing:Unknown
Survey:UnknownTotal Assesed Value:$285,600
Zone Description:Legal Conforming
Additional Info
Disclosure:Sprinkler system in one section of building only. Gross income assumes $12 PSF, net operating income includes a 10% vacancy rate assumption.
For Lease:Yes
Space Available:For Sale
 
If you would like more information on this property or would like to Schedule a Showing with
Sophia Lengyel call: 508-344-4494 or email: sophia.lengyel@ziprealty.com.
 
 
The listing office is Coldwell Banker Residential Brokerage - Sturbridge and the listing agent is Lawrence Mandell. 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 it's 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. Sophia Lengyel will be pleased to show you this or any other property.

 

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