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.
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268-270 Union St, New Bedford MA 02740
New Bedford, MA 02740
School information not available for this location.
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 04/17/2026 | 🏠 Listed for Sale | $679,999 | - | - | Original listing |
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