78 Pleasant StSouthbridge, MA 01550

Property Details for 78 Pleasant St

Year built

1900

Construction

FRAME

Lot size

0.28 AC

Property size (Sq ft)

3,500 SF

Zone code

OR

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

SBRI M:0034 B:0124 L:00001

APU

SBRIM0034B0124L00001

Description

This exceptional Southbridge, MA property presents a unique investment opportunity, boasting a prime location in one of the town's busiest areas, just off Main Street and minutes from the downtown core. The 0.28-acre lot houses a building currently operating as a thriving bar and restaurant on the first floor, offering high visibility and easy access to major roadways, including Routes 90 and 84. This established business provides immediate income potential, with the option to continue its current operation or explore alternative commercial ventures. The second floor comprises a residential unit, consistently occupied by long-term tenants, generating additional rental income. This dual-income stream makes this property an attractive investment for those seeking both commercial and residential returns. The building's location also presents the potential for a riverside patio or outdoor dining area, enhancing the appeal and functionality of the first-floor commercial space. The property's strategic location and versatile layout offer limitless possibilities for expansion, new ventures, or simply securing a piece of prime real estate in a thriving community. The asking price is $375,000. The square footage is not currently available.

• CAP approach

  CAP return

  Valuation

  6%

  $578,655

  6.5%

  $534,143

  7%

  $495,990

• Comparable approach

  Method

  Valuation

  Relative Method

  $457,310

  Geo Method

  $457,310

• Alternative Use

  Use

  Valuation

  Residential

  $662,337

  Hospitality

  $606,697

  Educational

  $504,765

  Medical

  $522,124

  Retail

  $785,190

Location Insight

City

Southbridge

County

Worcester

State

Massachusetts

Latitude

42.0836

Longitude

-72.0448

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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