$599,999
About this home
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.
Property details
- MLS #
- 73503412
- Property type
- Commercial Sale
- Subdivision
- N/A
- Status
- Active
- Days on market
- 125
- On market date
- April 17, 2026
- Stories
- N/A
- Garage spaces
- N/A
- Lot size
- 0.11 acres
Location
Get directions →Nearby schools
Within 10 miles · public school directory data (NCES)
- Enrollment
- 607
- Student:teacher ratio
- 11.2:1
- District
- New Bedford
- Enrollment
- 938
- Student:teacher ratio
- 10.8:1
- District
- New Bedford
- Enrollment
- 67
- Student:teacher ratio
- 4.5:1
- District
- New Bedford
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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated June 24, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.