anchoring the corner of king and phoenix streets in the heart of downtown bridgewater, 481–483 king street is a rare mixed-use landmark where heritage architecture, income stability, and main-street visibility meet. built in 1900 in a distinctive flatiron style, the property commands attention from its prominent corner lot, offering exceptional exposure, walkability, and connection to the growing downtown core. lovingly restored over the years, the building has been recognized with a bridgewater heritage award for the thoughtful conservation of its original architecture. its shingled siding, decorative cornices, rounded moulding, and bold exterior palette create a striking presence—historic in character, yet refreshed for modern use. the property is comprised of four units: two main-floor commercial spaces and two upper-level residential apartments, including one 1-bedroom and one 2-bedroom unit. with gross annual income in excess of $60,000, a cap rate over 8% and excellent tenants in place, each paying their own heat and electricity, this is a compelling opportunity for investors seeking a stable income property in a rapidly growing south shore community. equally appealing is the flexibility for an owner-occupied mixed-use vision—live upstairs, operate a business below, or create a dynamic live/work presence in one of bridgewater’s most walkable commercial settings. a true statement property with enduring character and dependable income.
