48-62 Central Street
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.
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