Two-Space Storefront
New
For Sale
$579,000
883 N Main St, Fall River, MA 02720
Two established businesses occupy separate commercial units, with month-to-month tenancies allowing for future occupancy flexibility.
Property Size2,478 SF
Price / SF$233.66
Days on Market5
Property Features for 883 N Main St
General Information
Standard status
Active
Size
2,478 SF
Property subtype
COMMERCIAL
Occupancy
100%
Additional Details
Cap Rate
6.5%
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,567
Building Details
Building Size
2,478 SF
Year Built
1930
Buildings
1
Tenancy
Multi
Listing Agency:
Coastal Realty
Listed By:
Noble Vincent · License #106427
(413) 626-1655
Source:
Paulgrover
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 25 at 2:34AM
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
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Investment Insights
Based on property information with market context.
This 2,478-square-foot storefront property was built in 1930 and is configured as two commercial spaces. A nail salon and a Chinese restaurant currently occupy the units; both businesses have operated there for more than 20 years under month-to-month tenancies. The spaces may remain occupied or be used by an owner, as stated in the property information.
The property is on North Main Street in Fall River, within a residential and commercial neighborhood. A commuter rail station is nearby, a commercial plaza is directly across the street, and street parking serves the property.
The reported capitalization rate is 6.5%.
The property is on North Main Street in Fall River, within a residential and commercial neighborhood. A commuter rail station is nearby, a commercial plaza is directly across the street, and street parking serves the property.
The reported capitalization rate is 6.5%.
Key Highlights
- 2,478 SF property built in 1930
- Two commercial spaces occupied by a nail salon and Chinese restaurant
- Both businesses have operated at the property for more than 20 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,893
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,017,860
$1.0M
Cap Rate 7%
$727,043
$727.0K
Cap Rate 9%
$565,478
$565.5K
Market Conditions
NOI Build-Up for 2,478 SF
Gross rent
$74.3K $30.00/SF
− Vacancy
−$1.6K −$0.66/SF
EGI
$72.7K $29.34/SF
− OpEx
−$21.8K −$8.80/SF
NOI
$50.9K $20.54/SF
Area
Bristol County, MA
Vacancy
2.20%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,017,860
Cap Rate 7%
$727,043
Cap Rate 9%
$565,478
Alternative Uses
Best Use
Retail
$727.0K
$636.2K – $848.2K
NOI $50,893 @ 7.0% cap · market cap 8.79%
Second Best
Specialty Retail
$467.4K
$409.0K – $545.3K
NOI $32,717 @ 7.0% cap · market cap 5.65%
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
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,343
Businesses Nearby
34k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Shops & Services 34%
Dunkin' Donuts
Dining
10,494 visits/mo
0.1 miles
Family Dollar
Shops & Services
8,145 visits/mo
0.1 miles
D'Angelo Grilled Sandwiches
Dining
4,644 visits/mo
0.1 miles
AutoZone
Shops & Services
3,632 visits/mo
0.1 miles
Burger King
Dining
3,619 visits/mo
0.1 miles
Demographics for 02720, MA
31,209
Population
14,940
Households
2.1
Avg Household Size
41
Median Age
21%
College-Educated
81%
High-School Grad
13.2 sq mi
ZIP Area
2,364
Density / Sq Mi
$62,907
Median Household Income
$45,199
Median Earnings
$1,177
Median Rent
$361,800
Median Home Value
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
- Fall River Florist Supply Co — 119 Cove St, Fall River, MA 02720
Frequently Asked Questions
What type of property is this?
Storefront property - Two established businesses occupy separate commercial units, with month-to-month tenancies allowing for future occupancy flexibility.
Where is this storefront property located?
The property is located at 883 N Main St 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 property built in 1930; Two commercial spaces occupied by a nail salon and Chinese restaurant; Both businesses have operated at the property for more than 20 years
