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1429 S Main St, Fall River, MA, 02724

1429 S Main St
$764,267

Key Information

Cap Rate
7.5%
$ per SF
$191
Tot. SF
4,000
Year Built
1915/R 2023
Type
Retail
Occupancy
100%

Highlights

  • Recent Capital Improvements: New roof installation and comprehensive renovation of one apartment unit, reducing near-term capital expenditure and enhancing overall asset condition.
  • Two 2-Bedroom Residential Units: Well-configured apartment layouts providing stable rental income potential and diversified tenant demand.
  • Supplemental Billboard Income: Additional revenue stream generated from on-site billboard, enhancing overall cash flow and return profile.
  • Multiple Income Streams: Combination of residential tenancy and ancillary billboard revenue supports diversified and resilient income generation.
  • Business-Local (B-L) Zoning: Favorable zoning designation allowing for a range of commercial uses, providing operational flexibility and long-term redevelopment potential.
  • High-Traffic Location (±14,800 VPD): Strong daily traffic counts along Route 138 (South Main Street), supporting visibility and tenant exposure.
  • Prime Retail Corridor Positioning: Located within an established and active retail corridor, directly adjacent to a Dunkin’/Subway strip center, driving consistent consumer traffic.
  • Prominent Multi-Street Intersection: Situated at a five-point intersection, offering exceptional frontage, accessibility, and exposure from multiple ingress and egress points.
  • Municipal Utilities in Place: Serviced by public water, public sewer, and natural gas, supporting operational efficiency and future scalability.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # 1000083-RE-RB (MA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203