Property Description
Strong value-add commercial asset in the heart of downtown New Bedford. This two-unit property offers immediate income plus upside potential. Unit 1 is occupied by Fall River Pawn Brokers, delivering a 7.8% cap rate with consistent cash flow. Unit 2 is a office suite (formerly a law firm) featuring a reception area, seven offices/conference rooms, half bath, and central HVAC—ready for lease-up or owner-user occupancy. Both units are separately metered for electric, gas, and water providing operational efficiency. With lease-up of the vacant unit, investors can achieve an estimated 12% cap rate. Ideal opportunity for investors seeking cash flow with upside in a high-traffic, high-demand downtown location.
Features
- Disclosure
Additional Information
- Tax Year:
- 2025
- Status:
- Active
- Zoning:
- MUB
- Orig Price:
- $679,999
- LEASE_TYPE:
- Nnn
- Waterfront:
- No
- MlsStatus:
- Active
Address Map
- City:
- New Bedford
- State:
- MA
- County:
- Bristol
- Postal Code:
- 02740
- Longitude:
- W71° 4' 16.6''
- Latitude:
- N41° 38' 1.4''
Commercial Sale
268-270 Union St, New Bedford, Massachusetts
4,062 Sqft
$679,999
Listing ID #73503412
Basic Details
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $679,999
- Square Footage :
- 4,062 Sqft
- Year Built :
- 1950
- Lot Area :
- 0.11 Acre
- Listing ID :
- 73503412
Agent info
Robb Enterprises
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
Contact Agent