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Rite Aid 233-235 S Main St 16,000 SF 100% Leased Retail Building Fall River, MA 02721 $875,000 ($54.69/SF)
Investment Highlights
- Heavy daytime foot traffic
- Located at the NW corner of S. Main and Spring Streets just south of I-195.
- Vacant, former Rite Aid drug store
- Lots of natural light
- All municipal utilities including 400 Amp, 3 Phase electrical service
Executive Summary
Positioned in Fall River's Central Business District, 233-235 Main Street presents an opportunity for an owner-user, investor, or redevelopment buyer seeking a highly visible downtown location. The former Rite Aid property occupies the northwest corner of South Main and Spring Streets, just south of Interstate 195, providing convenient regional access and strong exposure within the city's urban core. The building features expansive storefront windows, municipal utilities, 400-amp three-phase electrical service, an addressable fire alarm system, and full sprinkler coverage. The property also offers redevelopment potential with a sizable second-floor area suitable for a variety of future uses. Located near City Hall and surrounded by a dense residential and commercial population base, the asset benefits from both pedestrian and vehicular traffic. The property is being offered for sale at $875,000.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Drug Store
Building Size
16,000 SF
Building Class
C
Year Built
1900
Price
$875,000
Price Per SF
$54.69
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.00
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
CBD - (Central Business District)
Frontage
Amenities
- Corner Lot
- Signage
- Air Conditioning
Exceptionally walkable
100/100
Moderately drivable
60/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | FALL-000018N-000000-000024 | Improvements Assessment | $722,000 |
| Land Assessment | $133,600 | Total Assessment | $855,600 |
Property Taxes
Parcel Number
FALL-000018N-000000-000024
Land Assessment
$133,600
Improvements Assessment
$722,000
Total Assessment
$855,600
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