Flex Space with Loading
14-16 Anawan St, Fall River, MA 02721
For Sale
New
Contact for pricing
A high-ceiling, first-floor commercial space in a historic mill complex, with parking and access to I-195 and Route 24.
Property Size13,000 SF
Price / SF$0.38
Days on Market6
Property Features for 14-16 Anawan St
General Information
Standard status
Size
Additional Details
Highway Access
Amenities
high ceilings
loading dock
Building Details
Year Built
Listing Agency:
Equity Real Estate
(508) 679-3998
Listed By:
James Sabra · License MA #450500342
(508) 951-7994
Source:
Lockandkeyre
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 5:50AM
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 Equity Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Set within a historic mill complex, this first-floor flex property offers approximately 13,000 square feet of commercial space. High ceilings, a loading dock, and ample parking are among its existing features. The complex is home to the Narrows Center for the Arts, and the building dates to 1937.
The property is in Fall River’s Waterfront Cultural District, near Battleship Cove, the waterfront, downtown Fall River, and the MBTA South Coast Rail. I-195 and Route 24 provide regional road access. Potential uses are subject to zoning and approvals.
The property is in Fall River’s Waterfront Cultural District, near Battleship Cove, the waterfront, downtown Fall River, and the MBTA South Coast Rail. I-195 and Route 24 provide regional road access. Potential uses are subject to zoning and approvals.
Key Highlights
- Approximately 13,000 square feet of first‑floor space
- High ceilings and a loading dock
- Ample parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,218
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,544,360
$2.5M
Cap Rate 7%
$1,817,400
$1.8M
Cap Rate 9%
$1,413,533
$1.4M
Market Conditions
NOI Build-Up for 13,000 SF
Gross rent
$195.0K $15.00/SF
− Vacancy
−$13.3K −$1.02/SF
EGI
$181.7K $13.98/SF
− OpEx
−$54.5K −$4.19/SF
NOI
$127.2K $9.79/SF
Area
Bristol County, MA
Vacancy
6.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,544,360
Cap Rate 7%
$1,817,400
Cap Rate 9%
$1,413,533
Alternative Uses
Best Use
Flex RnD
$5.84M
$5.11M – $6.81M
NOI $408,796 @ 7.0% cap
Second Best
Office B
$3.05M
$2.67M – $3.56M
NOI $213,675 @ 7.0% cap
Theoretical Best
Office A
$7.92M
$6.93M – $9.24M
NOI $554,174 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,003
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Properties on Market for Flex space in Bristol County
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- CraftHouse Bartending — 272 Whipple St, Fall River, MA 02721
- CME fantastic decorations/ catering — 478 Third St, Fall River, MA 02721
- Primo Bartending School — 36 Water St, Fall River, MA 02721
- Edible Creations by Gerry — 5 Water St, Fall River, MA 02721
- Green Jar Catering — 609 Locust St, Fall River, MA 02720
Frequently Asked Questions
What type of property is this?
Flex space - A high-ceiling, first-floor commercial space in a historic mill complex, with parking and access to I-195 and Route 24.
Where is this flex space located?
The property is located at 14-16 Anawan St Fall River, MA.
What are key features of this property?
This property features: Approximately 13,000 square feet of first‑floor space; High ceilings and a loading dock; Ample parking
