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Historic Mill Building with Elevator
For Sale
$2,750,000

28 Anawan St., Fall River, MA 02721

Three-level mill building with basement and extensive system upgrades, positioned near Fall River’s waterfront amenities.

Property Size68,147 SF
Price / SF$40.35
Days on Market48

Property Features for 28 Anawan St.

General Information

Standard status Active
Size 68,147 SF
Property subtype Commercial

Additional Details

Highway Access Yes
Sprinkler System Yes

Building Details

Year Built 1870
Stories 3
Listing Agency: Paiva Real Estate Services, LLC
Listed By: Christopher J. Paiva
Source: Kiklisre
Added: Jun 15 Changed: Jul 10 Last Checked: Aug 1 at 10:42AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Paiva Real Estate Services, LLC

Investment Insights

Based on property information with market context.

This historic mill building provides approximately 68,147 square feet across three expansive levels, plus a full basement. The property includes an updated passenger elevator and refreshed common systems, with significant upgrades noted for the roof, windows, plumbing, electrical, sprinkler system, HVAC, and restrooms. The interior configuration supports adaptive reuse planning for a range of modern occupancy needs while retaining the character of a mill-style structure.

Located in the heart of Battleship Cove and close to Fall River’s waterfront, the building is also within about two miles of the new MBTA commuter rail station. The site offers easy access to major highways, supporting tenant and visitor access for office, retail, and other redevelopment concepts. Zoning places the property within the Waterfront Transit-Oriented Development, and it is part of the Arts Overlay District.

For buyers, developers, and operators, this combination of substantial building systems upgrades and flexible redevelopment zoning supports creative, commercial, residential, or mixed-use adaptive reuse. The extensive modernization items listed can help reduce near-term building capital requirements as you advance a tailored conversion plan for the space.

Key Highlights

  • Historic mill building built in 1870 with approx. 68,147 SF across 3 levels plus a full basement
  • Approx. 15,000+ SF per floor provides multiple large‑format spaces for adaptive reuse
  • Significant upgrades include new roof, windows, plumbing, electrical, sprinkler system, HVAC, and a passenger elevator

Property Analytics

Current Use

AXIS BATS (Bike/Boat/Book/etc) Store Craftyish Shop (Bike/Boat/Book/etc) Store Good Clothing Company Textile Manufacturer SoCo Art Gallery Art Gallery

Suggested Use

Top Pick Building Supply Restaurant Dental Office Big Box & Wholesale Store Auto Parts Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Sprinkler system
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

3,038
Businesses Nearby

Demographics for 02721, MA

28,075
Population
12,358
Households
2.3
Avg Household Size
38
Median Age
15%
College-Educated
73%
High-School Grad
4.0 sq mi
ZIP Area
7,019
Density / Sq Mi
$50,666
Median Household Income
$40,315
Median Earnings
$1,010
Median Rent
$362,800
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Three-level mill building with basement and extensive system upgrades, positioned near Fall River’s waterfront amenities.
Where is this office building located?
The property is located at 28 Anawan St. Fall River, MA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Historic mill building built in 1870 with approx. 68,147 SF across 3 levels plus a full basement; Approx. 15,000+ SF per floor provides multiple large‑format spaces for adaptive reuse; Significant upgrades include new roof, windows, plumbing, electrical, sprinkler system, HVAC, and a passenger elevator
More about this property
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