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57 Walnut St

4,857 SF Industrial Building Fall River, MA 02720 £938,940 (£193/SF) 5.48% Net Initial Yield

Investment Highlights

  • Versatile Industrial Facility with Full Build out capabilities.
  • Industrial Garage space.
  • Close Proximity to New SouthCoast Railway coming in 2024
  • Minutes from I-195, Rte. 24, Rte 79, and Rt. 138.
  • Property includes multiple office spaces, 2nd floor conference room.
  • Land across street is owned and accessibleto be combined with street for a contiguous lot.

Executive Summary

Versatile Design to build location overlooking the Bay, conveniently located minutes from I-195, Rte. 24, Rte 79, and Rt. 138. Exceptional opportunity located approximately 1/4 mile from South Coast Railway Station! The train is due to open in 2024 and will run from Fall River to Boston.
This property is located in a Federal Opportunity Zone designated for significant tax breaks and incentives to develop much-needed housing in the area.
Seller will also entertain developing to permit or to full build.

Property Facts

Price £938,940 Rentable Building Area 4,857 SF
Price Per SF £193 Number of Floors 1
Sale Type Investment Year Built 1901
Net Initial Yield 5.48% Tenancy Single
Sale Conditions
Ground Lease Sold
  • Tenants option to buy property
  • Development Sale
 Parking Ratio 2.88/1,000 SF
Property Type Industrial Clear Ceiling Height 12 ft
Property Subtype
Service
  • Industrial Distribution
  • Office Industrial Live Work Unit
 Level Access Doors 1
Building Class C Cross Streets Danforth St
Lot Size 0.50 AC Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price £938,940
Price Per SF £193
Sale Type Investment
Net Initial Yield 5.48%
Sale Conditions
Ground Lease Sold
  • Tenants option to buy property
  • Development Sale
Property Type Industrial
Property Subtype
Service
  • Industrial Distribution
  • Office Industrial Live Work Unit
Building Class C
Lot Size 0.50 AC
Rentable Building Area 4,857 SF
Number of Floors 1
Year Built 1901
Tenancy Single
Parking Ratio 2.88/1,000 SF
Clear Ceiling Height 12 ft
Level Access Doors 1
Cross Streets Danforth St
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

  • Bus Route
  • Commuter Rail
  • Conferencing Facility
  • Fenced Lot
  • Security System
  • Yard

Utilities

  • Lighting - Fluorescent
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Professional, Scientific, and Technical Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Apollo Safety has been serving the safety industry since John and Tracy Carvalho started the business in February 1995. Apollo has grown to be the leading safety and technical services equipment provider in New England and serving by courier across the United States. Apollo Safety understands that safety is much more than just a commodity. Their focus is to keep you safe. They provide recommendations for technical instrumentation, and they repair most major brands of gas monitoring instrumentation. Their gas detection service team provides complete product evaluation to help you choose the right instrument according to the hazards you face.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Professional, Scientific, and Technical Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
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Walk Score ®
Very Walkable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number FALL-000018O-000000-000012 Improvements Assessment £95,772
Land Assessment £84,818 Total Assessment £180,589

PROPERTY TAXES

Parcel Number
FALL-000018O-000000-000012
Land Assessment
£84,818
Improvements Assessment
£95,772
Total Assessment
£180,589

zoning

Zoning Code M
M
(508) 673-2544 x102

  • Listing ID: 26879987

  • Date on Market: 18/10/2022

  • Last Updated:

  • Address: 57 Walnut St, Fall River, MA 02720

The Industrial Property at 57 Walnut St, Fall River, MA 02720 is currently available For Sale. Contact Apollo Safety for more information.

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57 Walnut St, Fall River, MA for sale Building Photo- Image 1 of 9
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© 2024 CoStar Group

57 Walnut St
(508) 673-2544 x 102

57 Walnut St

John Carvalho

(508) 673-2544

x102

(508) 673-2544 x102

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