688 Rodman StFall River, MA 02721

Property Details for 688 Rodman St

Year built

1900

Construction

WOOD FRAME

Lot size

0.49 AC

Property size (Sq ft)

12,600 SF

Zone code

IND

Property type

Land

Property subtype

Commercial land

APN

FALL M:0I-21 B:0000 L:0001

APU

FALLM0I21B0000L0001

Description

This exceptional investment opportunity presents a shovel-ready 8-unit townhouse development project in Fall River, Massachusetts. Located at 688 Rodman St, this 21,257 square foot lot is zoned residential, offering significant potential for future development. The property includes four three-story buildings, totaling 21,257 square feet, and is ready for immediate construction. All necessary plans and permits, including a clean 21E report and a variance for the development, are included in the sale, saving buyers considerable time and effort. Seller financing is available at a 5% interest rate to qualified buyers, requiring a 20% down payment and interest-only payments. Partial releases are available as units are sold, allowing for phased construction and sales. The property's industrial zoning allows for exploration of alternative uses, further enhancing its investment potential. This turnkey project offers a streamlined path to profitability, with potential profits exceeding $100,000 per unit. Act quickly to secure this prime investment opportunity in a thriving location. The asking price is $750,000.

• Alternative Use

  Use

  Valuation

  Residential

  $2,384,413

  Hospitality

  $2,184,109

  Educational

  $1,817,153

  Medical

  $1,879,648

  Retail

  $2,826,683

Location Insight

City

Fall River

County

Bristol

State

Massachusetts

Latitude

41.6924

Longitude

-71.1488

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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