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$2,395,000
Est. payment /mo
12,432 SqFt
UPDATED:
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
Developers & investors take note: Rare HD-3 conversion opportunity — the former Notre Dame Rectory at 529 Eastern Ave, Fall River. Approved by variance for 14 apartment units with approx. 21 off-street parking spaces. Historic four-story brick structure featuring fireplaces, hardwood floors, and elegant staircases. Environmental work completed with oil tanks removed and soil tested. The project benefits from a $101K Community Preservation Act / Historic Commission grant and a reduced tax rate until completion. Strong rental upside with projected stabilized income near $300K annually. Centrally located in the Merchants District, minutes to downtown, waterfront, and Route 195. Sold as-is.
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
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Listed by SelectRE Boston
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