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$ 2,395,000
Est. payment | /mo
12,432 SqFt
$ 2,395,000
Est. payment | /mo
12,432 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 12,432 sqft
Price per Sqft $192
MLS Listing ID 73427663
HOA Y/N false
Year Built 1900
Annual Tax Amount $6,888
Tax Year 2025
Lot Size 0.480 Acres
Acres 0.48
Property Description
529 Eastern Avenue presents a rare redevelopment opportunity in Fall River. Formerly a rectory faith based building, the property is currently vacant and has been approved for conversion into 14 residential units. The project also benefits from over $1.6 million in awarded historic tax credits, making it particularly attractive to developers seeking tax-advantaged investments. Located in a growing market with strong demand for multifamily housing, the property is positioned as a value-add opportunity for investors ready to reposition the site into high-demand residential use. Investment Highlights: Significant value-add potential through multifamily conversion, approved tax credits reduce overall project costs and increase ROI, opportunity to deliver much-needed residential housing to the South Coast market, strong rental demand in Fall River with year-over-year rent growth.
Location
State MA
County Bristol
Zoning HD-3 Overl
Direction I-195 Exit 6 to Eastern Ave, north ~1 mi, property on right near Bedard St
Exterior
Total Parking Spaces 21
Others
Senior Community false
Listed by SelectRE Boston
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Ann Atamian
Consultant - Global Advisor | Lic# 9035666