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: 0.37 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: 7/19/2021

Overview / Comments

Great investor opportunity at this mixed use in the charming city of Blackstone Mass.​ Brick three story with 3 retail units on ground level.​ Second and third floors plus rear annex have 7 residential units, with space for a 8th unit.​ There is a 1 car garage space in rear for more rental income.​ Masonry building situated on approximately .57 acres.​ Updated heating systems, 8 separate furnaces with 7 natural gas and 1 oil.​ Separate electric.​ Town water and sewer.​ Rents below market rate, renovate the units and increase the rates.​ Property is located few minutes from both Route 122 and Route 146.​
Vacant Lot of land at 99 Canal for parking or development also available.​

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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