1. Massachusetts
  2. Southbridge
  3. 338 Main St
$1,960,000

338 Main St, Southbridge, MA 01550

  • 13 baths |
  • 9,216 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1907
  • Property Lot Size Icon5,663sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $213/sqft
  • Property List Date Icon Listed 14 days ago

Property Description

Prime downtown mixed-use investment property with an 8% cap rate ideal for investors seeking long term stability. Zoned Center Core in a designated Opportunity Zone offering both capital gain & historic tax credits. Exceptionally maintained, including a new roof and furnace. The first floor includes two commercial spaces: a new 10-year lease to a convenience store & an available 539 SF vanilla box with half bath. 13 fully occupied market-rate residential units on floors 2 & 3 provide steady income. Adjacent to a free municipal parking lot. Walking distance to CVS, Cumberland Farms, restaurants, Harrington Hospital, churches, parks, city hall, the post office, fire station & library, as well as the WRTA bus stop, with free fare to amenities through the entire greater Worcester region. Southbridge supports a stable tenant base with ~18K residents & a median income of ~$34K. Located minutes from I90 & I84, it offers easy access to Boston & NYC. Don’t miss this exceptional opportunity!

Listing Status:
Active
Date Added:
July 17, 2025 at 05:00AM
Listing Office:
Redfin Corp. : 617-340-7803
Listing Agent:
John Snyder : 508-425-1245
MLS ID:
73406320
  • Roofing: Rubber

This listing courtesy of John Snyder, Redfin Corp.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

E

Eastford Road School

120 Eastford Rd, Southbridge, MA, 01550

Grades PK-1

0.61 miles away

S

Southbridge Academy

25 Cole Ave, Southbridge, MA, 01550

Grades 6-12

0.31 miles away

S

Southbridge Academy

25 Cole Ave, Southbridge, MA, 01550

Grades 6-12

0.31 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.