$1,989,000

About this home

Excellent opportunity to acquire a fully leased, multi-tenant commercial investment property in Fall River. This substantial granite building offers approximately 41,586 square feet across two levels with a diverse mix of retail, service and community-oriented occupants. Current uses include a restaurant, laundromat, nail salon, market, clothing store, holistic health business, community outreach organization, gym, sensory play and art collective. The property is currently offered with strong rental history and a reported net operating income of $172,400. Its varied tenant mix helps support dependable cash flow while offering opportunities for incremental income growth. More than $300,000 in recent capital improvements include roofing, sewer work, bathrooms and plumbing, heating and cooling, electrical work, interior construction and painting, parking-lot repairs, exterior masonry and chimney repairs, fire-alarm and sprinkler upgrades, code improvements, and an ADA-accessible second-level ramp with railings. Conveniently located near major roadways, public transportation, area businesses and neighborhood services. Investment, value-add and potential future owner-user opportunity, subject to existing leases. Buyer and buyer’s agent to verify all information and perform all due diligence.

Property details

MLS #

73567578

Property type

Home

Year built

1871

Interior

41,586 ft2

Status

Active

Listed by

Boston Realty

Listed 3 days ago

Facts & features

Location