268-270 Union St
New Bedford, MA 02740

$679,999

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Listing Details

$679,999
MLS# 73503412
Type Commercial - Office
Status Active

4,062
Square Feet
0.111 acres
Lot Size
1950
Year Built

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Listed By

Agency Name: SmartHub Boston
Agency Phone: 617-706-4928
Agent Name: Mington Tea

Shown By

Agent Name: Sarah Sally
Agent Phone: (781) 251-0080
Agency Title: Donahue Real Estate Co.

Home Value Estimate

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...read more

Features

$9,803 Taxes
Built in 1950

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