Commercial Building Behind Train
820 North Main Street Fall River, MA 02720
820 North Main Street, Fall River, MA, 02720
$999,999
For Sale
$999,999
Versatile commercial building offering substantial indoor space with high pedestrian activity near the train station area.
Property Size4,070 SF
Price / SF$245.70
Days on Market19
Property Features for 820 North Main Street
General Information
- Standard status
- Active
- Size
- 4,070 SF
Building Details
- Year Built
- 1930
Listing agency
First Choice Patenaude R.E.
(508) 675-0642
Listed by
Karen Charette · License #9501260
Source
413realestate
Added: Jul 4 Updated: Jul 22 at 10:21AM Checked: Jul 22 at 10:21AM
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 First Choice Patenaude R.E.
Investment Insights
Based on property information with market context.
This prime commercial building is located directly behind the train station and offers 4,070 square feet of versatile space designed to support a wide range of uses. The offering is positioned among cultural landmarks and thriving businesses, with high foot traffic in the immediate area.
The property is around the block from the Battleship Cove and the waterfront, providing strong walk-by visibility and pedestrian presence. The layout and environment are presented as suitable for many tenant types, including medical, dental, legal, spa, nail salon, florist, studio, or other ventures of your choice.
For-sale availability makes this a straightforward acquisition opportunity for an owner-operator or investor seeking a centrally situated commercial building with pedestrian traffic considerations as part of the positioning.
The property is around the block from the Battleship Cove and the waterfront, providing strong walk-by visibility and pedestrian presence. The layout and environment are presented as suitable for many tenant types, including medical, dental, legal, spa, nail salon, florist, studio, or other ventures of your choice.
For-sale availability makes this a straightforward acquisition opportunity for an owner-operator or investor seeking a centrally situated commercial building with pedestrian traffic considerations as part of the positioning.
Key Highlights
- Commercial building built in 1930 offering 4,070 SF of versatile indoor space
- Located directly behind the train station area
- High foot traffic with pedestrian activity around the block
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $122.1k | $30.00 |
| − Vacancy | −$2.7k | −$0.66 |
| EGI | $119.4k | $29.34 |
| − OpEx | −$35.8k | −$8.80 |
| NOI | $83.6k | $20.54 |
4,070 SF · lease $30.00/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Healthcare Medical
$1.69M
$1.48M – $1.97M
NOI $118,140 @ 7.0% cap · market cap 11.81%
Second Best
Retail
$1.19M
$1.04M – $1.39M
NOI $83,590 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,499 @ 7.0% cap · market cap 17.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Hot Spot Women's ...
Clothing & Fashion Store
Rodney's Caribbean Mart
Grocery & Convenience Store
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Versatile commercial building offering substantial indoor space with high pedestrian activity near the train station area.
Where is this storefront property located?
The property is located at 820 North Main Street Fall River, MA.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Commercial building built in 1930 offering 4,070 SF of versatile indoor space; Located directly behind the train station area; High foot traffic with pedestrian activity around the block
