$ 975,000
270 Bank St Fall River, MA 02720
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$ 975,000
Est. payment | /mo
4,758 SqFt
$ 975,000
Est. payment | /mo
4,758 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,758 sqft
Price per Sqft $204
MLS Listing ID 73311779
HOA Y/N false
Year Built 1850
Annual Tax Amount $5,083
Tax Year 2024
Lot Size 8,712 Sqft
Acres 0.2
Property Description
Welcome to 270 Bank Street, a versatile 4758 SF multi-family property in the heart of Fall River, offering a mix of residential and commercial potential. Currently configured with five efficiency apartments, three studio apartments, two 1-bedroom units, and one 2-bedroom unit, this property generates rental income with apartments leasing between $1,100 and $1,500 per month. The 3rd floor features unfinished space, possible for adding an additional 2-bedroom apartment to increase revenue potential. Additional amenities include ground-level office space, a large 4+ car garage, approximately 10 off-street parking spaces, a rare finds in this area. Positioned in Lower Highlands, near downtown, the waterfront, and the upcoming Fall River Train Station (scheduled to open in 2025), this property is set within an Opportunity Zone, offering potential tax incentives and high growth potential. Don’t miss this chance to invest in a high-demand, income-generating property. Sold As-Is.
Location
State MA
County Bristol
Zoning A-3
Direction North Main Street to Bank Street. Bank Street between Rock Street and High Street.
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available
Waterfront false
Roof Type Asphalt/Composition Shingles
Total Parking Spaces 10
Others
Senior Community false
Listed by Berkshire Hathaway HomeServices Robert Paul Properties
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Andrea Castinetti
Broker-Owner