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.
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| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/20/2026 | ↓ Price Reduced | $599,999 | $80,000 | - | From $679,999 to $599,999 (-11.8%) |
| 04/17/2026 | 🏠 Listed for Sale | $679,999 | - | - | Original listing |
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $9,803 | — |
268-270 Union St, New Bedford MA 02740
New Bedford, MA 02740
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