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379-381 Sconticut Neck Rd
Fairhaven, MA 02719
Retail Property For Sale


Executive Summary
Exceptional Mixed-Use Investment Opportunity with Strong Cash Flow Potential! This versatile property features three income-producing units in a prime location just minutes from major highways, local amenities, and within walking distance of the town beach. The property includes a pizza restaurant leased for $2,500/month and a separate street-level commercial space ideal for a professional office, retail, salon, fitness, or wellness business. The office is currently vacant and was recently leased for $1,200/month. The residential unit is a spacious 3-bedroom, townhouse-style apartment spanning two levels with its own private entrance. It is currently rented month-to-month for $2,100/month and can be delivered vacant. Each unit has a separate entrance, and the property offers ample off-street parking for tenants and customers. An excellent opportunity for investors seeking reliable cash flow or owner-occupants looking to operate a business while generating additional rental income.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,831 SF
Building Class
C
Year Built
1928
Price
$699,000
Price Per SF
$246.91
Cap Rate
9.70%
NOI
$67,803
Percent Leased
91%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
0.27 AC
Zoning
B - Legal Conforming
Parking
8 Spaces (4.48 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | FAIR-000029C-000000-000002 | Improvements Assessment | $255,900 |
| Land Assessment | $190,300 | Total Assessment | $446,200 |
Property Taxes
Parcel Number
FAIR-000029C-000000-000002
Land Assessment
$190,300
Improvements Assessment
$255,900
Total Assessment
$446,200
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