Property profile

270-289 Bank St Fall River, MA 02720

OFF-MARKET
Office Spaces
12,879 SF 0.16 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office Spaces
Total area 12,879 SF
Lot 0.16 ac (6,970 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

270-289 Bank St Fall River, MA 02720
Fall River metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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