$599,999
( $147.71Per Sq Foot )
 $3,221 est/mo Sourced by Back At You

268-270 Union St,New Bedford, MA 02740

New Bedford, MA 02740

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Description

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.

Details

MLS #73503412
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1950
Days On Site157
Listing Provided BySmartHub Boston | Mington Tea

Features

SQ Feet4,062
ZoningMUB
Acreage0.11

Utilities

UtilitiesPublic Water, Public Sewer, Natural Gas Available

Taxes

Tax Annual Amount9803
Tax Year2025

Location

Senior Community Yes / NoNo

Area Information

StateMA
CountyBristol
CityNew Bedford
Zip Code02740
AreaBristol
Listing VS Median (in 02740)
Price:
$599,999
low | high
Med:
$449,900
75.016541694236% of Average
sqft:
4,062
low | high
Med:
1,611
100% of Average
$ / sqft:
$148
low | high
Med:
$280
39.277101033534% of Average
On site:
157
low | high
Med:
30.5
100% of Average
Sourced by Back At You

Market Activity 02740

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Contact

Learn More About This Property

Wendy Tauber

Wendy Tauber

HK Realty

 (603) 502-7151wendy@h-krealty.com
StateMA
CountyBristol
CityNew Bedford
Zip Code02740
AreaBristol
Listing VS Median (in 02740)
Price:
$599,999
low | high
Med:
$449,900
75.016541694236% of Average
sqft:
4,062
low | high
Med:
1,611
100% of Average
$ / sqft:
$148
low | high
Med:
$280
39.277101033534% of Average
On site:
157
low | high
Med:
30.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $449K - $749K
sqft: 3,000 - 5,000
Nearby Listings Property ImageNearby Listings Details
25 Seventh Property Photo 1
$719,000
25 Seventh
New Bedford, MA 02740
Listing Updated: August 4, 2026 at 2:19:19 AM PDT