268-270 Union St, New Bedford, MA 02740
268-270 Union St, New Bedford, MA 02740
268-270 Union St, New Bedford, MA 02740
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BHRE Brad Hutchinson Real Estate

BHRE Brad Hutchinson Real Estate

+1(781) 665-2222
$599,999
Est. payment /mo
4,062 SqFt
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UPDATED:

Key Details

Property Type Commercial

Listing Status Pending

Purchase Type For Sale

Square Footage 4,062 sqft

Price per Sqft $147

MLS Listing ID 73503412

HOA Y/N false

Year Built 1950

Annual Tax Amount $9,803

Tax Year 2025

Lot Size 4,791 Sqft

Acres 0.11

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.

Location

State MA

County Bristol

Zoning MUB

Direction Please refer to google maps

Exterior

Utilities Available Public Water, Public Sewer, Natural Gas Available

Others

Senior Community false

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Listed by SmartHub Boston

NEARBY SCHOOLS & PROPERTIES

BHRE Brad Hutchinson Real Estate

At Brad Hutchinson Real Estate, our main goal is simple: to assist buyers and sellers with making the best, most knowledgeable real estate decisions that are right for you. Whether you’re searching for houses for sale, commercial investment opportunities, or apartments for rent, our independent, committed staff is ready to assist you. We have over 60 years of experience serving clients in and around Melrose and Boston's North Shore.

+1(781) 665-2222

sales@bradhutchinson.com

193 Green Street, Melrose, Massachusetts 02176, United States

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268-270 Union St