MA
Bristol
New Bedford
02740
268-270 Union St
268-270 Union St, New Bedford, MA 02740
Share Listing
Listing Type
Commercial/Industrial
Listing Status
Active
15
$599,999

Home Details for 268-270 Union St

Price
$599,999
Type
Commercial Sale
Square feet
4062
Year built
1950
Lot size acres
0.11
County
Bristol
Days on site
92
MLS Listing#
73503412
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.

Property Features
  • Water Features
    • Public
  • Utilities
    • Natural Gas Available
Listing Courtesy: SmartHub Boston - 617-706-4928
Presented by: Mington Tea
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803
Brenda Cahoon
License #: 9049354
REALTOR®, MAR
Office
781 270 4770
Agent
781 910 5770
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