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Strong value-add commercial asset in the heart of downtown New Bedford. This two-unit property offers immediate income plus upside potential. Unit 1 is occupied by Fall River Pawn Brokers, delivering a 7.8% cap rate with consistent cash flow. Unit 2 is a office suite (formerly a law firm) featuring a reception area, seven offices/conference rooms, half bath, and central HVAC-ready for lease-up or owner-user occupancy. Both units are separately metered for electric, gas, and water providing operational efficiency. With lease-up of the vacant unit, investors can achieve an estimated 12% cap rate. Ideal opportunity for investors seeking cash flow with upside in a high-traffic, high-demand downtown location.

More Info

Basic Information

  • Gross Income $59,121
  • Mls StatusActive
  • Parcel Number M:0046 L:0020,2890588

Tax Information

  • Tax Year 2025
  • Taxes$9,803

Basic Information

  • List Price$679,999
  • MLS Number73503412
  • Modification Date04/21/2026

Location

  • Address268-270 Union Street
  • Building Number268-270
  • CountyBristol
  • StateMA
  • StreetUnion Street
  • TownNew Bedford
  • Zip02740

Building

  • Building Area Units Square Feet
  • Utilities Public Water, Public Sewer, Natural Gas Available
  • Year Built1950

Property

  • Acreage0.11

Property Information

  • Living Area 4,062
  • Lot Size Square Feet 4,840
  • Lot Size Units Acres
  • Square Feet4,062

Legal

  • ZoningMUB
  • Zoning Description Legal Conforming

Other

  • Date Listed04/17/2026
  • Farm Land Area Units Square Feet
  • View Count3

Map Location

Driving Directions

Listed by Mington Tea of SmartHub Boston

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