Downtown redevelopment opportunity with significant multifamily conversion potential at 473 Main Street in Southbridge. This former church offers approximately 8,476 square feet ideally suited for residential or mixed-use adaptive reuse (subject to approvals). The expansive interior, substantial footprint, and prominent Main Street frontage support potential apartments, condominiums, workforce housing, live-work units, or community-oriented uses. Located in the heart of the downtown commercial district, the property is within walking distance to shops, restaurants, municipal offices, and public amenities, with convenient access to major routes throughout Worcester County. Southbridge serves as a regional hub to Worcester County and the greater Boston area which continues to see investment in housing and revitalization, making this an exceptional opportunity for developers, investors, or organizations seeking a well-located value-add project.
437 Main St, Southbridge, MA, 01550
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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