CCertihomes
286 Southbridge Street, Auburn, MA 01501

$675,000

0 beds 1 baths Built 1991Active

About this home

Amazing opportunity to own an established commercial property at a prime Auburn, MA location! The building has been home to an award winning restaurant, ‘The Coffee Mug’, since 2006. Whether it’s the perfect location to start your own business with great visibility and access, or to build your investment portfolio, there is unlimited potential here. This well maintained building is just over 1, 390 SF, on a lot of .42 acres and contains 23 parking spaces. The building is served by municipal water, sewer with forced hot air via gas and central AC. Additionally there is a 1, 500 gallon grease interceptor onsite. Close to all major routes, less than 5 miles to Worcester and .7 miles to Auburn Center. Current tenant is a well-established restaurateur. Lease expiration of 4/1/2024.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.2% APR.

Your estimated payment
$6,476/mo

Real estate (PITI + HOA + PMI)
$6,120
Principal + interest$4,353
Property tax + insurance$1,514
PMI / 2nd mortgage$253
Utilities
$819
Heating + cooling$264
Internet + TV + phone$125
Water + sewer + garbage$58
Transportation
$112
Car insurance + maintenance$112
Other (entertainment)
$125
$6,476/mo TLC
Budget$6,976/mo
Remaining after TLC$500/mo
Purchase price
$675,000
Down payment
$33,750 (5%)
Loan amount
$641,250
APR
7.2%

Quick facts

Type
COM
Style
Year built
1991
Lot size
0.42 ac
Stories
0
Heating
Cooling
Water
HOA
Annual tax
$5,743
MLS #
73219099
County
Worcester

Home features

Roof
Asphalt/Composition Shingles

Neighborhood — 01501

MetricThis ZIPCountyUSA
Population14,4766,444,931299,088,112
Population Change Since199010.00%7.00%20.00%
Population Density958786
Male6,9053,127,134147,432,321
Female7,5713,317,797151,655,844
Never Married2,7351,612,88563,775,926
Married7,0882,586,314123,120,365
Separated213247,85712,639,686
Widowed1,069363,59415,467,586
Divorced911436,88823,075,029
Number Of House Hold5,7982,431,591111,826,380
Average House Hold Size2.472.562.60
Medial Age41.4237.2535.46
Median House Hold Income$58,413$57,698$48,276
Average House Hold Income$64,572$75,023$63,629
P C I$25,885$29,196$24,529
M D I$48,713$48,105$41,133
A T H E$52,067$57,083$50,898
S T R5.00%5.00%
W C J74.93%81.38%77.74%
(Zip) Code
1501

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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MLSPIN

Listing information last refreshed 4/3/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.