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    223 Remington Ave Fall River, MA 02720

    Sponsored
    For Sale
    $1,100,000

    Prime 0.21-acre waterfront lot, ideal for development.

    Property size:
    3,474 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.21-acre commercial land parcel in Fall River, Massachusetts, presents a unique investment opportunity. Located at 223 Remington Ave, 02720, this property boasts captivating waterfront views and is conveniently situated within walking distance of the brand-new South Coast commuter rail station. The site offers easy access to major roadways including Route 79, 24, and Interstate 195, and is just off Davol Street. Its prime location places it minutes from the MBTA station, local restaurants, the boardwalk, and Battleship Cove, ensuring high visibility and accessibility. The property currently includes a three-family home, the only residence on a quiet dead-end street. This existing structure features three units: two with three bedrooms and one full bath each, and a third with two bedrooms, one full bath, and a loft. Each unit includes a private front balcony offering stunning river views. The property also includes a spacious backyard, six off-street parking spaces in a paved driveway, and a detached one-car garage. This is an exceptional chance to capitalize on Fall River's thriving market and the reliable transit connection to Boston provided by the new commuter rail. The asking price is $1,100,000. The total square footage is 3,474. This property is zoned for commercial use and offers limitless potential for development.

    Property Features for 223 Remington Ave

    General Information

    Property type
    Land
    Square Feet
    3,474 SF
    Lot Size
    9,148 SF

    HighLights

    • $1,100,000 asking price.
    • 0.21‑acre commercial land parcel.
    • 3,474 square feet.
    • Located in Fall River, MA, at 223 Remington Ave, 02720.
    • Prime location near the South Coast commuter rail, Route 79, 24, and I‑195.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fall River
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.1564639
    Latitude
    41.7199361

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    FAQs

    What type of property is this?
    Land - Prime 0.21-acre waterfront lot, ideal for development.
    Where is this land located?
    The property is located at 223 Remington Ave Fall River, MA.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: $1,100,000 asking price.; 0.21-acre commercial land parcel.; 3,474 square feet.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    223 Remington Ave Fall River, MA 02720
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