688 Rodman St Fall River, MA 02721
- Commercial land
- 12,600 SF
- 0.49 lot acres
Current Use by Public Records
- Commercial land
Property Details for 688 Rodman St
- Year built
- 1900
- Construction
- WOOD FRAME
- Lot size
- 0.49 lot acres
- Property size
- 12,600 SF
- Zone code
- IND
- Property type
- Commercial land
- APN
- FALL M:0I-21 B:0000 L:0001
- APU
- FALLM0I21B0000L0001
Description
This exceptional investment opportunity presents a shovel-ready 8-unit townhouse development project in Fall River, Massachusetts. Located at 688 Rodman St, this 21,257 square foot lot is zoned residential, offering significant potential for future development. The property includes four three-story buildings, totaling 21,257 square feet, and is ready for immediate construction. All necessary plans and permits, including a clean 21E report and a variance for the development, are included in the sale, saving buyers considerable time and effort. Seller financing is available at a 5% interest rate to qualified buyers, requiring a 20% down payment and interest-only payments. Partial releases are available as units are sold, allowing for phased construction and sales. The property's industrial zoning allows for exploration of alternative uses, further enhancing its investment potential. This turnkey project offers a streamlined path to profitability, with potential profits exceeding $100,000 per unit. Act quickly to secure this prime investment opportunity in a thriving location. The asking price is $750,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fall River
- County
- Bristol
- State
- Massachusetts
- Longitude
- -71.1488
- Latitude
- 41.6924
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
