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    246 Main St Fall River, MA 02724

    Sponsored
    For Sale
    $349,000

    Prime Main St location, vacant, 1760 sq ft

    Property size:
    1,760 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 1760 square foot retail space, located at 246 E Main St in Fall River, Massachusetts, presents a unique investment opportunity. Previously a pharmacy, this vacant building offers versatile space suitable for a variety of businesses, including a laundromat, convenience store, or office. The property features six off-street parking spaces at the rear, a significant advantage in a busy area. Built in 1920, the building underwent extensive renovations in 2007, including a complete interior refresh with new lighting, ceiling tiles, and a kitchen. Further upgrades in 2018 included replacement of the brick siding and windows. A new roof was installed in 2011, and the property boasts an upgraded 200-amp electrical panel. The 1,716 square foot net rentable area is complemented by a spacious basement providing ample storage. Situated on a 3,611 square foot lot, the property is zoned B-L and is conveniently located on a bus route. All furniture and display fixtures are included in the sale. The asking price is $349,000, translating to $198.30 per square foot. The property is available for occupancy on August 15, 2024. This is an exceptional opportunity to capitalize on Fall River's economic revitalization and establish a thriving business in a prime location.

    Property Features for 246 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,760 SF

    Building Details

    Year Built
    1920
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 2018 Brick siding and window replacements.
    • 2011 Roof replacement and 200‑amp electrical panel upgrade.
    • 2007 Complete interior renovation.
    • Single‑story building.
    • Six parking spaces.
    • Convenient bus route location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Fall River
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.167097642889
    Latitude
    41.687225994942

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    FAQs

    What type of property is this?
    Individual retail property - Prime Main St location, vacant, 1760 sq ft
    Where is this individual retail property located?
    The property is located at 246 Main St Fall River, MA.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: 2018 Brick siding and window replacements.; 2011 Roof replacement and 200-amp electrical panel upgrade.; 2007 Complete interior renovation.
    Request Owner's contact information
    246 Main St Fall River, MA 02724
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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
    246 Main St Fall River, MA 02724
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