559 Main St -Sturbridge, MA 01566

Property Details for 559 Main St -

Year built

1830

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.39 AC

Property size (Sq ft)

46,729 SF

Property type

Retail properties

APN

STUR M:415 B:000 L:2431-559

APU

STURM415B000L2431559

Description

This exceptional commercial property at 559 Main Street, Route 20, Sturbridge, MA 01566, offers 4,180 square feet of versatile space in a prime location. The building, constructed in 1830 and featuring three stories, includes two suites with a minimum divisible space of 900 square feet and a maximum contiguous space of 2,400 square feet. Currently, 3,300 square feet is vacant. Amenities include an elevator, loading dock access, free Wi-Fi, trash removal, and ample signage opportunities. The property boasts a large one-acre lot with off-street parking for over 50 vehicles. A new vinyl plant floor is being installed. The open floor plan features abundant natural light. All utilities are included except electricity. The property benefits from its location in a thriving retail and office area, drawing from Sturbridge and surrounding towns including Southbridge, Charlton, Holland, Brimfield, and Brookfield. Excellent access to major roadways, including Routes 49, 20, 148, I-84, and I-90, ensures convenient access throughout Central New England. The area is home to numerous national retailers such as Stop & Shop, Michaels, UNO Pizzeria & Grill, Staples, Applebee's, Walmart, Petco, Tractor Supply, Planet Fitness, Shaw's, and Ocean State Job Lot. This property is zoned Commercial and is legally conforming. Worcester County location.

• CAP approach

  CAP return

  Valuation

  6%

  $11,356,778

  6.5%

  $10,483,180

  7%

  $9,734,381

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,386,140

  Geo Method

  $15,386,140

• Alternative Use

  Use

  Valuation

  Residential

  $8,842,954

  Hospitality

  $8,100,099

  Educational

  $6,739,187

  Medical

  $6,970,958

  Retail

  $10,483,180

Location Insight

City

Sturbridge

County

Worcester

State

Massachusetts

Latitude

42.1157

Longitude

-72.1134

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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