REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 599,999
Est. payment /mo
Price Dropped by $80K
268-270 Union St New Bedford, MA 02740
4,062 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,062 sqft
Price per Sqft $147
MLS Listing ID 73503412
HOA Y/N false
Year Built 1950
Annual Tax Amount $9,803
Tax Year 2025
Lot Size 4,791 Sqft
Acres 0.11
Property Description
Prime value-add investment opportunity in the heart of downtown New Bedford. This well-positioned mixed-use property features two commercial units and offers immediate cash flow with significant upside potential. Unit 1 is occupied by Fall River Pawn Brokers, providing stable rental income and an attractive 8.9% capitalization rate, making it an excellent foundation for investors seeking dependable returns from day one. Unit 2 is currently vacant, presenting a tremendous value-add opportunity for investors or owner-users. Once leased at market rent, Unit 2 has the potential to generate an estimated 12%–13% capitalization rate, significantly increasing the property's overall return and cash flow. The space offers a flexible layout consisting of a welcoming reception area, seven private offices and/or conference rooms, a half bathroom, and central HVAC throughout, making it suitable for a variety of professional or service-based businesses.
Location
State MA
County Bristol
Zoning MUB
Direction Please refer to google maps
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available
Others
Senior Community false
Listed by SmartHub Boston
NEARBY SCHOOLS & PROPERTIES