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30906161
30906162

1429 S Main St, Fall River, MA 02724

NN
MA 9588068MA
Matthews
DG
FL SL3463209 (FL)
Matthews
Listed by Matthews
$694,787
84 days on market
Updated 22 days ago

1429 S Main St

Details
Property Type Mixed Use, Multifamily (+1)
Sub Type Storefront, Bank (+1)
Square Footage 4,000
Cap Rate 8.25%
Occupancy 100%
Price per SqFt $174
Year Built 1915
Year Renovated 2023
Buildings 1
Stories 2
Zoning B-L
Ownership Fee Simple

4% CO-BROKE Available | Recent Capital Improvements | Two 2-Bedroom Residential Units

Investment highlights

  • Recent Capital Improvements: New roof installation and comprehensive renovation of one apartment unit, reducing near-term capital expenditure and enhancing overall asset condition.

  • Two 2-Bedroom Residential Units: Well-configured apartment layouts providing stable rental income potential and diversified tenant demand.

  • Supplemental Billboard Income: Additional revenue stream generated from on-site billboard, enhancing overall cash flow and return profile.

  • Multiple Income Streams: Combination of residential tenancy and ancillary billboard revenue supports diversified and resilient income generation.

  • Business-Local (B-L) Zoning: Favorable zoning designation allowing for a range of commercial uses, providing operational flexibility and long-term redevelopment potential.

  • High-Traffic Location (±14,800 VPD): Strong daily traffic counts along Route 138 (South Main Street), supporting visibility and tenant exposure.

  • Prime Retail Corridor Positioning: Located within an established and active retail corridor, directly adjacent to a Dunkin’/Subway strip center, driving consistent consumer traffic.

  • Prominent Multi-Street Intersection: Situated at a five-point intersection, offering exceptional frontage, accessibility, and exposure from multiple ingress and egress points.

  • Municipal Utilities in Place: Serviced by public water, public sewer, and natural gas, supporting operational efficiency and future scalability.

Listing Contacts

NN
MA 9588068MA
Matthews
DG
FL SL3463209 (FL)
Matthews
Listed by Matthews

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Additional Information

Name
Kyle Matthews
License
License # 1000083-RE-RB (MA)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Name
Nikolai Novak
License
9588068MA
Brokerage
Matthews
Title
Kyle Matthews
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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