365 Main Street

For Sale

365 Main Street, Sturbridge, MA 01550

This Sturbridge property for sale is located at 365 Main Street. The current listed sale price for 365 Main Street is $2,150,000.

Contacts

broker

Tim Whittredge

NAI Glickman Kovago & Jacobs

(508) 753-9100

Property Details

  • Property Type Retail - Street Retail
  • Property Size 4,992 SF
  • Units 2
  • Year Built 2020
  • Date Updated Mar 25, 2024
.NAI Glickman Kovago & Jacobs is pleased to present 365 Main St, Sturbridge. This property poses a unique opportunity to purchase a brand-new retail development and mixed-use residential site. Which allows for a stabilization in cash flow that is not found in many other sites in the area. This site also offers the rare opportunity to buy a retail center that is tenanted by a Cannabis Dispensary. The retail portion is anchored by a two-unit 4,992 sf building that was constructed in 2020. The two units are occupied by Local Roots, a 2500 sq ft Recreational Cannabis dispensary and VE Foods, a 2400 sq ft deli and food market. Both tenants are on long-term triple net leases with extensions and are still in the early stages of their initial terms providing stable in place cash flow for investors. The rear of the property contains a 9-unit Manufactured Housing Community. Each of the 9 units are on monthly land leases, 8/9 trailers are tenant owned. The lot rent currently sits at $315/month leaving room for increases. With the need for affordable housing reaching higher levels year after year a new owner can expect an influx of demand for lot space if future vacancies were to occur.

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Attachments

Getting around

  • 52/100

    Walk Score ®

  • 27/100

    Bike Score ®

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Location

  • City Sturbridge, MA
  • Neighborhood Sturbridge
  • Zip Code 01550
  • Market Worcester Springfield

Points of Interest

  • XtraMart

    1.14 miles

  • Stop and Shop

    1.62 miles

  • Mobil

    2.85 miles

  • Pilot

    3.35 miles

  • Cumberland Farms

    3.66 miles

  • Gulf

    3.84 miles

  • Gulf

    5.77 miles

  • Cumberland Farms

    5.83 miles

  • Tesla Supercharger

    7.17 miles

  • Cumberland Farms

    8.87 miles

  • Robinson Crusoe Shattuck Road Parking

    1.27 miles

  • Trailhead Parking

    1.51 miles

  • Leadmine Mountain/Heins Farm Trail Parking

    1.74 miles

  • Trailhead Parking

    1.96 miles

  • McKinstry Brook WMA trailhead

    2.15 miles

  • Day Use Parking

    2.84 miles

  • Grand Trunk Trail

    2.93 miles

  • Car Parking

    3.78 miles

  • Truck Parking

    3.88 miles

  • Breakneck Brook Wildlife Management Area

    4.47 miles

  • Friendly's

    0.06 miles

  • McDonald's

    0.08 miles

  • Burger King

    0.12 miles

  • Sturbridge Seafood

    0.14 miles

  • Ox Head Tavern

    0.19 miles

  • The Thai Place

    0.25 miles

  • Panera Bread

    0.28 miles

  • BT's Smokehouse

    0.31 miles

  • Cedar Street Grille

    0.44 miles

  • Veritas Restaurant

    0.50 miles

  • Sturbridge Plaza

    1.31 miles

  • Marshalls

    1.73 miles

  • Walmart

    1.88 miles

  • Stop & Shop

    1.88 miles

  • Big Y

    5.02 miles

  • Big Y

    9.31 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Tim Whittredge

NAI Glickman Kovago & Jacobs

(508) 753-9100