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614-624 Southbridge St - 614 Southbridge Street

17.4 Acres of Commercial Land Offered at $10,995,000 in Auburn, MA 01501

Executive Summary

Land also for lease for $5,500 NNN

Property Facts

Price $10,995,000
Sale Type Investment
Sale Conditions Lease Option
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Auto Dealership
  • Bank
Total Lot Size 17.40 AC

1 Lot Available

Lot

Price $10,995,000
Price Per AC $631,897
Lot Size 17.40 AC

Also includes an additional adjacent 1.3 acres (624 Southbridge st)with additional frontage and building ....totalling 17.4 acres ...additional frontage not included in above calculation

Description

Property was originally a hotel and conference center which Lowes Home Improvement purchased in 2003 for approx 11.3 mill. Lowes was fully permitted for a 120.000 sq ft facility and parking with an a new traffic light in 2010. Lowes cancelled 2 Massachusetts new stores at that time due to recession and offered this property for sale. I purchased this property from Lowes in 2014 as investment property

zoning

Zoning Code Highway Business (HB) (Highway Business)
Highway Business (HB) (Highway Business)
  • Listing ID: 27129843

  • Date on Market: 11/16/2022

  • Last Updated:

  • Address: 614-624 Southbridge St, Auburn, MA 01501

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