$599,999
268-270 Union St
New Bedford, MA, 02740
Prime value-add investment opportunity in the heart of downtown New Bedford. This well-positioned mixed-use property features two commercial units and offers immediate cash flow with significant upside potential. Unit 1 is occupied by Fall River Pawn Brokers, providing stable rental income and an attractive 8.9% capitalization rate, making it an excellent foundation for investors seeking dependable returns from day one. Unit 2 is currently vacant, presenting a tremendous value-add opportunity for investors or owner-users. Once leased at market rent, Unit 2 has the potential to generate an estimated 12%–13% capitalization rate, significantly increasing the property’s overall return and cash flow. The space offers a flexible layout consisting of a welcoming reception area, seven private offices and/or conference rooms, a half bathroom, and central HVAC throughout, making it suitable for a variety of professional or service-based businesses.
Property Details
Price:
$599,999
MLS #:
73503412
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Listed Date:
Apr 17, 2026
Finished Sq Ft:
4,062
Total Sq Ft:
4,062
Lot Size:
4,840 sqft / 0.11 acres (approx)
Year Built:
1950
Schools
Interior
Exterior
Financial
Tax Year
2025
Taxes
$9,803
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Map
Current real estate data for Commercial in New Bedford as of Jul 17, 2026
64
Commercial Listed
193
Avg DOM
150
Avg $ / SqFt
$929,734
Avg List Price
Community
- Address268-270 Union St New Bedford MA
- CityNew Bedford
- CountyBristol
- Zip Code02740
Subdivisions in New Bedford
Similar Listings Nearby
Property Summary
- 268-270 Union St New Bedford MA is a Commercial for sale in New Bedford, MA, 02740. It is listed for $599,999 To schedule a showing of MLS#73503412 at 268-270 Union St in New Bedford, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of UW Realty Company. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
268-270 Union St
New Bedford, MA