270-289 Bank St Fall River, MA 02720
- Office Properties & Spaces
- 12,879 SF
- 0.16 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 270-289 Bank St
- Lot size
- 0.16 lot acres
- Property size
- 12,879 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Mixed-use properties
Description
This exceptional investment opportunity encompasses three strategically located properties in Fall River, Massachusetts, totaling 12,879 square feet on a 0.16-acre lot. The portfolio includes 270 Bank Street, a multi-family building featuring 11 units, office space, a garage, ample parking, and potential for a third-floor expansion. 275 Bank Street offers another four-unit building with the possibility of adding a third floor. Finally, 289 Bank Street presents a flexible mixed-use building currently configured for 4-8 units, boasting a newly renovated exterior and customizable interior. This property is situated in Fall River's Opportunity Zone, presenting significant tax advantages for investors. The portfolio's diverse unit mix, combined with the potential for expansion and redevelopment, makes it an attractive proposition for both seasoned and emerging investors. The properties are conveniently located in the Lower Highlands neighborhood, offering proximity to downtown Fall River, the waterfront, and local parks. The fourth parcel, a 0.16-acre vacant lot at 284 Bank Street, provides additional development potential, further enhancing the overall value of this compelling investment. The asking price for this entire portfolio is $2,600,000. This is a rare chance to acquire a substantial multifamily and mixed-use portfolio in a rapidly developing area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fall River
- County
- Bristol
- State
- Massachusetts
- Longitude
- -71.1527
- Latitude
- 41.7028
