For Sale
$4,500,000

470 Southbridge St Auburn, MA 01501

High-Occupancy Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 31,395 square foot retail storefront, located at 470 Southbridge Street in Auburn, Massachusetts, presents a compelling investment opportunity. Built in 1986 and situated on a one-acre lot, the property boasts 100% occupancy with three long-term tenants. The anchor tenant, Floors and Kitchens Today, a locally owned business with national buying power and a 37-year history, occupies approximately half the building. Nals Paint, a family-owned business with over 40 years of experience, occupies 2,200 square feet, and Floors and More, a third-generation flooring retailer assisting independent retailers, occupies just under 7,000 square feet. The building also includes approximately 2,000 square feet of common area. The property is zoned LB and benefits from a high-traffic location near major retail areas. This well-maintained property offers a stable income stream with long-term tenants, making it an attractive investment for discerning buyers. The asking price is $4,500,000, and the lease type is NNN. This is a rare opportunity to acquire a fully occupied, high-performing retail center in a desirable location. The property's strong tenant base and prime location ensure a consistent return on investment.

Highlights

  • 100% occupied
  • Long-term tenants
  • Well-maintained property
  • High-traffic location
  • Located near major retail areas

Property Details for 470 Southbridge St

Property type
Retail properties, Retail space
Square Feet
31,395 SF
Year Built
1986
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Auburn
County
Worcester
State
Massachusetts
Latitude
42.1980665
Longitude
-71.843323

FAQs

What type of property is this?
Retail property - High-Occupancy Retail Investment Opportunity
Where is the retail property located?
The property is located at 470 Southbridge St Auburn, MA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 100% occupied; Long-term tenants; Well-maintained property
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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470 Southbridge St
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