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!