The Haas Team
SQUARE FEET4,062
MLS#73503412
STATUSActive
PROPERTY TYPECommercial - Office
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.
Property Features
Property Type: Commercial - Office
Lot Size: 0.11 Acres
Taxes: $9,803
Year Built: 1950
Feature Descriptions
Building Area Total: 4062
Business Type: Professional/Office
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 5
Parcel Number: M:0046 L:0020,2890588
Rental Term: Monthly
Utilities: Public Water, Public Sewer, Natural Gas Available
Listed By / Shown By
Listed By
Agency Name: SmartHub Boston
Agency Phone: 617-706-4928
Agent Name: Mington Tea
Shown By
Agent Name: The Haas Team
Agent Phone: (207) 505-9193
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
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268-270 Union St | MLS# 73503412
This commercial property located at 268-270 Union St, New Bedford, MA 02740 is currently listed for sale with an asking price of $679,999. Search New Bedford real estate on haasteam.masiellogrouprealestate.com today.