Two-Suite Mixed-Use
New
For Sale
$579,000
478 SF COMMERCIAL PROPERTY SITUATED ALONG NORTH MAIN STREET, Fall River, MA 02721
Two occupied commercial suites combine established businesses with month-to-month tenancy.
Property Size2,478 SF
Price / SF$233.66
Days on Market3
Property Features for 478 SF COMMERCIAL PROPERTY SITUATED ALONG NORTH MAIN STREET
General Information
Standard status
Active
Size
2,478 SF
Property subtype
Commercial/Industrial
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Cap Rate
6.5%
Building Details
Tenancy
Multi
Listing Agency:
Coastal Realty
Listed By:
Noble Vincent · License #106427
(413) 626-1655
Source:
Idx.mlspin
Added: Oct 23
Last Checked: Oct 24 at 1:27PM
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 Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,478-square-foot mixed-use property contains two commercial spaces, occupied by a nail salon and a Chinese restaurant. Both businesses have operated at the property for more than 20 years, and their month-to-month tenancies provide flexibility for continued rental use or owner occupancy. The property has a 6.5% capitalization rate.
Located on North Main Street in Fall River, the property is near the city’s new commuter rail station and sits within a residential and commercial area. Street parking serves the building, and a commercial plaza is directly across the street.
Located on North Main Street in Fall River, the property is near the city’s new commuter rail station and sits within a residential and commercial area. Street parking serves the building, and a commercial plaza is directly across the street.
Key Highlights
- 2,478 SF mixed‑use property with two commercial spaces
- Occupied by a nail salon and Chinese restaurant, each operating at the property for over 20 years
- Both commercial tenants are on month‑to‑month tenancies
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,717
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$654,340
$654.3K
Cap Rate 7%
$467,386
$467.4K
Cap Rate 9%
$363,522
$363.5K
Market Conditions
NOI Build-Up for 2,478 SF
Gross rent
$44.6K $18.00/SF
− Vacancy
−$981 −$0.40/SF
EGI
$43.6K $17.60/SF
− OpEx
−$10.9K −$4.40/SF
NOI
$32.7K $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%
$654,340
Cap Rate 7%
$467,386
Cap Rate 9%
$363,522
Alternative Uses
Best Use
Specialty Retail
$467.4K
$409.0K – $545.3K
NOI $32,717 @ 7.0% cap · market cap 5.65%
Second Best
Mixed Use
$418.2K
$365.9K – $487.9K
NOI $29,271 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,634 @ 7.0% cap · market cap 18.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
913
Businesses Nearby
127k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 36%
Home Improvements & Furnishings 12%
Apparel 3%
Dollar Tree
Shops & Services
26,517 visits/mo
0.3 miles
Dunkin' Donuts
Dining
21,347 visits/mo
0.3 miles
McDonald's
Dining
16,328 visits/mo
0.4 miles
Harbor Freight Tools
Home Improvements & Furnishings
11,205 visits/mo
0.5 miles
Dunkin' Donuts
Dining
9,000 visits/mo
0.3 miles
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 Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two occupied commercial suites combine established businesses with month-to-month tenancy.
Where is this mixed-use property located?
The property is located at 478 SF COMMERCIAL PROPERTY SITUATED ALONG NORTH MAIN STREET Fall River, MA.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: 2,478 SF mixed‑use property with two commercial spaces; Occupied by a nail salon and Chinese restaurant, each operating at the property for over 20 years; Both commercial tenants are on month‑to‑month tenancies
