Soldiers Square Mixed Use Retail/Multifamily

Retail-Commercial for Sale
Catylist Listing ID: 30714824
Property Subtypes: Mixed Use
Building Size (RSF): 12,636 SF
Gross Land Area: 0.57 Acres
Sale Price: $699,900
Unit Price: $55.39 PSF
Property Use Type: Investment
Building Name: Blackstone Block
Sale Terms: Cash to Seller
Last Updated: 3/30/2021

Overview / Comments

Great opportunity for a mixed use (apartments/retail) investment property in the charming city of Blackstone Mass.Just over the Rhode Island line requires a little TLC. Seller is motivated. Lets Talk. Property consists of a mostly masonry building situated on approximately 9,230 SF of land. Building consists of 12,702 SF with a 1 stall garage on an ell to the rear of the building. This property is mixed use consisting of 7 residential apartments with 3 first floor retail units. Property has updated heating systems 8 separate furnaces, 7 natural gas, 1 oil. Tenants are all Tenants At Will. Rents are, at owner' s admission, below market. Zoning is Class C Commercial. Property is serviced by both public water and sewers. Residential units consist of mostly 1 and 2 bedroom. One unit is large by area standards with 3 bedrooms, 2 baths, 1 stall garage and currently used for storage. Property offers significant growth opportunities for new owner. Further sub-division may be considered to produce additional income; current rents may be increased to market rates. Area consists of a mixed type of property. Most of the nearby buildings are residential, multi family. Property is located few minutes from both Route 122 and Route 146.

Vacant Lot of land can be sold as a package or separately ($94,000 Listed)

Additional Details

Nearest MSA: Worcester
County: Worcester
Taxing Authority: Blackstone
Tax ID/APN: 8-41
Zoning: C
Retail Clientele: General, Business
Property Visibility: Good
Highway Access: Minutes away from Routes 122 and 146.
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Fair
Year Built: 1850
Roof Type: Gable
Construction/Siding: Brick
Total Parking Spaces: 12
Parking Type: Surface
Parking Description: Parking is first come first serve and on street.
Sprinklers: Other
Heat Type: Natural Gas
Heat Source: Baseboard
Air Conditioning: Window Unit, Other
Interior Description: Three retail/commercial spaces on ground level. Seven existing residential units with space to add more.
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal
Easements: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,571 59,383 96,048
Median Age: 42.92 38.57 39.62
Households: 2,629 23,983 37,820


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