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Prime value-add investment opportunity in the heart of downtown New Bedford. This well-positioned mixed-use property features two commercial units and offers immediate cash flow with significant upside potential. Unit 1 is occupied by Fall River Pawn Brokers, providing stable rental income and an attractive 8.9% capitalization rate, making it an excellent foundation for investors seeking dependable returns from day one. Unit 2 is currently vacant, presenting a tremendous value-add opportunity for investors or owner-users. Once leased at market rent, Unit 2 has the potential to generate an estimated 12%-13% capitalization rate, significantly increasing the property's overall return and cash flow. The space offers a flexible layout consisting of a welcoming reception area, seven private offices and/or conference rooms, a half bathroom, and central HVAC throughout, making it suitable for a variety of professional or service-based businesses.

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$599,999
  • MLS Number73503412
  • Modification Date06/24/2026

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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