$265,000
$319,900
17.2%For more information regarding the value of a property, please contact us for a free consultation.
6,969 Sqft Lot
SOLD DATE : 03/04/2019
Key Details
Sold Price $265,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 72381370
Sold Date 03/04/19
Year Built 1930
Annual Tax Amount $6,379
Tax Year 2018
Lot Size 6,969 Sqft
Acres 0.16
Property Description
Fantastic opportunity to own this single level, multi tenant commercial property in heart of downtown Southbridge. This building is surrounded by additional retail establishments and traffic generators such as Cumberland Farms, Dunkin Donuts, local banks, clothing boutiques, etc.. The building offers updated electrical, heating and roofing. Each unit pays their own heating and electrical . Unit #1 offers 1,571 sq.ft - currently occupied - Leased for $1250 per month Unit #2 offers 762 sq.ft - currently occupied - Tenant at will for $500 per month Unit #3 offers 3,571 sq.ft - currently occupied - Tenant at will for $1500 per month. The average expenses are approx $13,735 per year leaving a net profit of $25,265 per year. This is a great location to start your own business or move your current business and have the tenants help with the mortgage.
Location
State MA
County Worcester
Zoning Store/Shop
Direction Main st. Southbridge. Corner lot next to new convenience/gas station.
Exterior
Utilities Available Public Water, Public Sewer
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Bought with Chad Splaine • Aucoin Ryan Realty
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