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34072827

48-62 Central St, Southbridge, MA 01550

EL
MA 9582013
Horvath & Tremblay
MB
MA MA 1000571-RE-RB:
Horvath & Tremblay
DK
MA MA 9504385
Horvath & Tremblay
Listed by Horvath & Tremblay
$1,100,000
1 day on market
Updated 1 day ago
Opportunity zone

48-62 Central Street

Details
Property Type Retail, Multifamily (+1)
Sub Type Restaurant, Storefront (+1)
Square Footage 19,307
Net Rentable (SqFt) 11,714
Units 10
Cap Rate 8.02%
NOI $88,245
Price per SqFt $94
Year Built 1938
Buildings 4
Stories 2
Acreage 0.320
Parking Spaces 12 spaces
Parking per 1,000 SqFt 0.62
Ground Lease No
Ownership Fee Simple

Mixed-Use | 8.02% CAP | $110,000/unit

Marketing description

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the mixed-use investment property located at 48-62 Central Street in Southbridge, MA (the “Property”). The two-story building contains two (2) Commercial units, two (2) 3-Bedroom/1-Bathroom units, four (4) 2-Bedroom/1-Bathroom units, and two (2) Studio units with 11,714 square feet of gross living area in 19,307 square feet of gross area. The Property is situated upon a 0.32-acre parcel and features twelve (12) off-street parking spaces.

48–62 Central Street is well-positioned in downtown Southbridge, offering strong access to the town’s central business district, local retail corridors, and surrounding residential neighborhoods. The property benefits from convenient connectivity to key regional routes including Route 131 (Main Street) and Route 169, with close proximity to Interstate 90 (Massachusetts Turnpike) in nearby Sturbridge, providing efficient regional access throughout Central Massachusetts and into the broader New England region.

Investment highlights

ACCESS & CONNECTIVITY

The Property is positioned along Route 131 (Main Street), providing direct connectivity to Route 169 and Route 20, with convenient access to Interstate 90 (Massachusetts Turnpike) approximately 6 miles west in Sturbridge, enabling efficient regional travel to Worcester, Springfield, and Boston.

Public transportation is available via the Worcester Regional Transit Authority (WRTA), with multiple bus routes serving downtown Southbridge and providing connections to surrounding communities and Worcester Union Station.

From Worcester Union Station, residents can access MBTA Commuter Rail service on the Framingham/Worcester Line, offering direct rail service into Boston.

AREA AMENITIES & DEMAND DRIVERS

The Property is positioned near several of the region’s largest employment drivers, led by UMass Memorial Health – Harrington Hospital, a major healthcare provider serving South Worcester County and Northeastern Connecticut.

Major regional employers such as Southbridge Savings Bank, Southbridge Public Schools, and numerous healthcare, education, and municipal institutions provide a stable employment base that continues to support apartment demand.

The downtown location places residents within walking distance of local services, restaurants, and community amenities, while ongoing revitalization efforts throughout the Central Street corridor continue to enhance the area's appeal.

Nearby Sturbridge serves as a significant economic and tourism driver, drawing visitors year-round to attractions such as Old Sturbridge Village, one of New England's premier heritage destinations.

NEARBY OUTDOOR RECREATION

Beyond shopping and dining, the Property's downtown location provides easy access to community amenities, healthcare services, parks, and cultural attractions throughout Southbridge and Sturbridge.

Residents can enjoy nearby recreational opportunities at local parks and trails, while the area's historic New England character, walkable downtown environment, and proximity to attractions such as Old Sturbridge Village contribute to a strong quality of life.

SEPARATELY METERED UTILITIES

Tenants are responsible for a mix of gas & electric powered heat and separately metered electricity. Tenants at 54, 56, 58, and 62 Central pay their own gas-powered hot water, while the Landlord pays for gas-powered hot water at 48-52 Central. The Landlord is responsible for providing city water & sewer for all units, which they pay directly.

OFF-STREET PARKING & AMENITIES

The Property features ample parking with twelve (12) off-street parking spaces.

STRONG RENTAL DEMOGRAPHICS & DEMAND

More than 12,000 people live within 1 mile of the Property with an average household income of $74,578. Over 22,100 people reside within 3 miles of the Property with an average household income of $95,537.

QUALITY OF LIFE AMENITIES

The Central Street and Main Street corridors serve as the community's commercial core, featuring a mix of local restaurants, cafés, service businesses, and neighborhood gathering places.

Popular local dining destinations include Elm Centre Cafe, The Duck, and Avellino, while national and quick-service options such as Dunkin', Subway, McDonald's, Burger King, and Taco Bell are located throughout the immediate area, providing residents with a wide range of dining choices from convenient grab-and-go meals to locally owned establishments.

Nearby retail options include Big Y World Class Market, Walmart Supercenter, and Aldi, offering comprehensive grocery and household shopping opportunities.

National convenience retailers and pharmacies such as CVS Pharmacy, Walgreens, and numerous gas stations and banking centers are located throughout Southbridge's commercial corridors, ensuring daily necessities are readily accessible.

Listing Contacts

EL
MA 9582013
Horvath & Tremblay
MB
MA MA 1000571-RE-RB:
Horvath & Tremblay
DK
MA MA 9504385
Horvath & Tremblay
Listed by Horvath & Tremblay

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$88,245.00
$7,353.75/mo

Valuation Metrics

0
DSCR
8.02%
Cap Rate
8.02%
ROI

Map

Zoning

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Last updated Feb 20, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Ethan Cole
License
9516688-RE-B
Title
Broker of Record
Name
Michael Bradley
License
MA 1000571-RE-RB:
Brokerage
Horvath & Tremblay
Brokerage Phone
7813002502
Title
Vice President
Brokerage Address
2 Corporate Drive
Name
Dennis Kelleher
License
MA 9504385
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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