Fall River Retail
246 E Main St, Fall River, MA
For Sale
Contact for pricing
Meticulously maintained building in a vibrant, walkable Fall River community.
Property Size1,760 SF
Lot Size0.08 Acres
Price / SF$186.93
Days on Market672
Property Features for 246 E Main St
General Information
Standard status
Size
Lot size
Property subtype
Listing Agency:
Coastal Commercial Real Estate
(508) 990-4280
Listed By:
Rick Trapilo · License MA 105076-B
(774) 644-3420
Source:
Moodyscre
Added: Jan 8, 2025
Changed: Aug 31
Last Checked: Aug 25 at 5:06AM
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 Coastal Commercial 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.
This meticulously maintained building on East Main St in Fall River presents an opportunity for investors and business owners. The property, formerly a neighborhood pharmacy, includes six off-street parking spots at the rear. The versatile space is suitable for various businesses, including a laundromat, convenience store, or office space. Upgrades include brick siding and windows replaced in 2018, a 200 amp electric panel, and a roof installed in 2011. A complete renovation in 2007 introduced new lighting, ceiling tiles, and a refreshed interior with a kitchen. The property also features a spacious basement for additional storage. Located in a walking community, the property offers potential for growth. The property size is 1,760 square feet. All furniture and display fixtures are included.
Key Highlights
- Prime location on East Main St in revitalizing Fall River.
- Enjoy the convenience of 6 off‑street parking spots.
- Versatile space suitable for various businesses (laundromat, convenience store, office, etc.).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,237
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,740
$464.7K
Cap Rate 7%
$331,957
$332.0K
Cap Rate 9%
$258,189
$258.2K
Market Conditions
NOI Build-Up for 1,760 SF
Gross rent
$31.7K $18.00/SF
− Vacancy
−$697 −$0.40/SF
EGI
$31.0K $17.60/SF
− OpEx
−$7.7K −$4.40/SF
NOI
$23.2K $13.20/SF
Area
Bristol County, MA
Vacancy
2.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,740
Cap Rate 7%
$331,957
Cap Rate 9%
$258,189
Alternative Uses
Best Use
Retail
$516.4K
$451.8K – $602.5K
NOI $36,147 @ 7.0% cap · market cap 10.99%
Second Best
Specialty Retail
$332.0K
$290.5K – $387.3K
NOI $23,237 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$1.07M
$937.8K – $1.25M
NOI $75,027 @ 7.0% cap · market cap 22.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,298
Businesses Nearby
83k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 46%
Electronics 2%
Dollar Tree
Shops & Services
26,517 visits/mo
0.5 miles
Dunkin' Donuts
Dining
21,347 visits/mo
0.4 miles
Dunkin' Donuts
Dining
9,000 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
6,783 visits/mo
0.5 miles
BayCoast Bank
Shops & Services
6,688 visits/mo
0.5 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- John Wilkins — 328 Rhode Island Ave, Fall River, MA 027212330
- Livonia Lau — 328 Rhode Island Ave, Fall River, MA 027212330
- Tetee Kuyateh — 328 Rhode Island Ave, Fall River, MA 027212330
- Walgreens Pharmacy — 328 Rhode Island Ave, Fall River, MA 02721
- COVID-19 Drive-Thru Testing at Walgreens — 328 Rhode Island Ave, Fall River, MA 02721
Frequently Asked Questions
What type of property is this?
Drug store - Meticulously maintained building in a vibrant, walkable Fall River community.
Where is this drug store located?
The property is located at 246 E Main St Fall River, MA.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Prime location on East Main St in revitalizing Fall River.; Enjoy the convenience of 6 off‑street parking spots.; Versatile space suitable for various businesses (laundromat, convenience store, office, etc.).
