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574 Southbridge St 14,958 SF Retail Building Worcester, MA 01610 $3,278,485 CAD ($219.18 CAD/SF) 7.70% Cap Rate
Investment Highlights
- 8 Years left on NNN lease with annual escalations
- Prime Southbridge Street Location with Strong Retail Corridor
- $15,000/month in net income
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
14,958 SF
Building Class
B
Year Built/Renovated
1960/2024
Price
$3,278,485 CAD
Price Per SF
$219.18 CAD
Cap Rate
7.70%
NOI
$252,443 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.65
Lot Size
0.53 AC
Zoning
BL-1 - Business Limited
Frontage
145’ on Southbridge St
Amenities
- Signage
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | WORC-000007-000043-000009-000011 | Improvements Assessment | $897,189 CAD |
| Land Assessment | $461,220 CAD | Total Assessment | $1,358,409 CAD |
Property Taxes
Parcel Number
WORC-000007-000043-000009-000011
Land Assessment
$461,220 CAD
Improvements Assessment
$897,189 CAD
Total Assessment
$1,358,409 CAD
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574 Southbridge St
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