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350 Mariano Bishop Blvd 30,000 SF 100% Leased Retail Building Fall River, MA 02721 $2,699,000 ($89.97/SF) 14.82% Cap Rate
Investment Highlights
- Extremely high traffic count, city street on three sides, two corners have traffic lights, full utilities, flat land, ready to go, city is motivated
Executive Summary
This is a BARE LAND sale. The existing buildings were demolished (slab left in place for possible use). Curb cuts and pylons usable as is. Utilities (water, sewer, gas, and electric are cut and capped ready for new connections. There are soils issues and several Phase I and Phase II reports are available under download. No oil contamination, just an old city landfill. I have owned the property for 50 years and I AM READY TO TALK
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- Market Information
- Title and Insurance
- Investigations
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
30,000 SF
Building Class
C
Year Built
1973
Price
$2,699,000
Price Per SF
$89.97
Cap Rate
14.82%
NOI
$400,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.25
Lot Size
2.71 AC
Zoning
B-L - B-L Local Business - City regs attached under documents
Frontage
308’ on Newton Street
Amenities
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
- Fiber Optic Internet
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | FALL-000006C-000000-000023 | Improvements Assessment | $0 |
| Land Assessment | $543,000 | Total Assessment | $543,000 |
Property Taxes
Parcel Number
FALL-000006C-000000-000023
Land Assessment
$543,000
Improvements Assessment
$0
Total Assessment
$543,000
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Advance Engineering Inc
350 Mariano Bishop Blvd
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