Edwards Block & The Whitford Building

An hour away from Boston, Southbridge is a beautiful, wooded community. The area is a mixture of several landscapes. The town is hilly, yet flat with grassy farmland, while downtown gives an urban feel and the neighborhoods feel like a suburban escape. This small town is best known as for its historical connection to manufacturing optical products. Southbridge was once home to the world's largest manufacturer of ophthalmic products, employing thousands across the world and selling affordable eyewear for over 100 years. As of July 2022, the average apartment rent in Southbridge, MA is $965 for a studio, $1,454 for one bedroom, $1,907 for two bedrooms, and $963 for three bedrooms. Apartment rent in Southbridge has increased by 2.3% in the past year.Northeast Private Client Group® is pleased to present Edwards Block & The Whitford building located at 295 & 344 Main Street in downtown Southbridge, MA. Four-building portfolio that consists of 53 residential units and twelve commercial suites. The residential units consist of (4) studios, (47) large one-bedroom apartments & (2) two-bedroom floor plans. Residential tenants are responsible for their electric heat & hot water while enjoying an on-site laundry facility. Recent capital improvements include new roofs & newer mechanicals—strong historical occupancy for both retail & residential. The buyer would have a significant value-add opportunity in purchasing a stabilized asset with tremendous upside in the market rents & interior renovations. All interested and qualified parties will have the opportunity to obtain additional information and walk the premises upon request.