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    235 S Main St Fall River, MA 02721

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    For Lease
    Contact for pricing

    Versatile 22,608 SF building in Fall River's Arts District.

    Property size:
    22,608 SF
    Lot size:
    0.18 Acres

    Property Features for 235 S Main St

    General Information

    Size
    22,608 SF
    Lot size
    0.18 Acres

    Source: Tri Town Commercial Advisors Agent Eric Szczepkowski

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fall River Mixed-Use Redevelopment Opportunity

    This 22,608 square foot building offers an opportunity for an owner/user or investor in Fall River’s South Main Street corridor. The property, located within Fall River’s Arts Overlay District (AOD) and the Downtown Urban Renewal Plan, spans three floors. The first floor features a storefront formerly occupied by Rite Aid, offering high visibility. The top floor presents potential for office or residential conversion. The basement level, accessible from the side street, is suitable for storage or additional rental income. The property may qualify for development incentives, including HDIP tax credits up to $2 million for residential conversion, MassDevelopment’s TDI Equity grants up to $500,000, and low-interest rehab loans through the city’s Community Development Agency. The property has flexible mixed-use zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fall River
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.1578845
    Latitude
    41.6994227

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    FAQs

    What type of property is this?
    Retail space - Versatile 22,608 SF building in Fall River's Arts District.
    Where is this retail space located?
    The property is located at 235 S Main St Fall River, MA.
    What are key features of this property?
    This property features: - Prime location in Fall River's revitalizing South Main Street corridor.; - Significant development incentives available, including HDIP tax credits up to $2 million.; - Versatile ±22,608 SF building with three floors, suitable for retail, office, or residential use.
    (617) 454-4460
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    235 S Main St Fall River, MA 02721
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    Fall River, MA 02721
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    235 S Main St Fall River, MA 02721
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