$679,999

268-270 Union St, New Bedford, MA 02740

4,062 sqft

Commercial Property
Built in 1950
4,792sqft lot
—— car garage
$167/sqft
Listed 1 month ago

Property Description

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.

Listing Status:: Active
Date Added:: April 17, 2026
Data Last Updated:: June 8, 2026 at 1:06AM
Listing Office:: SmartHub Boston : 617-706-4928
Listing Agent:: Mington Tea : 508-617-7983
MLS ID:: 73503412

Originating MLS: MLS Property Information Network
County: Bristol

Zoning: MUBM:0046 L:00202890588

Utilities: Public WaterPublic SewerNatural Gas Available

Source: MLS Property Information Network

This listing courtesy of Mington Tea , SmartHub Boston

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Principal & Interest $
Property Taxes $
Home Insurance $
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