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1429 S Main St
Fall River, MA 02724 Downtown Fall River

$694,787 USD

Office For Sale  •  3,654 SF

Property Details

• Property Type Office
• Total Building Size 3,654 SF
• Lot Size 0.06 AC
• Building Class C
• Year Built 1915
• Cap Rate 8.25 %
• Tenancy Multiple
• Zoning B-L

30 Transit Score

70 Walk Score

Highlights

Recent Capital Improvements: New roof installation and comprehensive renovation of one apartment unit, reducing near-term capital expenditure

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

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

Cap Rate:

8.25 %

Public Transportation

Airport	Drive	Walk	Distance
Rhode Island Tf Green International	39 min	-	24.9 mi