$585,000
About this home
Welcome to 289 Bank Street! This expansive mixed-use property, strategically positioned at the corner of Bank St and High St in Historic downtown Fall River, presents a compelling investment opportunity. Having undergone a comprehensive exterior rehabilitation, the property boasts new vinyl siding, windows, roof, and exquisite stone work. The second and third floors feature sliders leading to walkout areas, offering the possibility of creating scenic decks with captivating views of downtown Fall River. Ideally suited for professional offices or up to 8 residential units, the versatile layout accommodates various potential uses. Totaling 4, 800 sqft, this property beckons with unlimited potential. Seize the chance to be part of Fall River's flourishing growth. The location, coupled with the recent enhancements, positions this property as an excellent prospect for astute investors. Additionally, the seller owns nearby properties, allowing for consideration of a lucrative package deal.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.2% APR.
- Real estate (PITI + HOA + PMI)
- $5,126
- Utilities
- $603
- Transportation
- $131
- Other (entertainment)
- $157
Quick facts
Home features
Lot features
Corner Lot
Neighborhood — 02720
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 29,878 | 6,444,931 | 299,088,112 |
| Population Change Since1990 | 3.00% | 7.00% | 20.00% |
| Population Density | 2,694 | 786 | — |
| Male | 13,954 | 3,127,134 | 147,432,321 |
| Female | 15,944 | 3,317,797 | 151,655,844 |
| Never Married | 7,742 | 1,612,885 | 63,775,926 |
| Married | 10,546 | 2,586,314 | 123,120,365 |
| Separated | 1,300 | 247,857 | 12,639,686 |
| Widowed | 2,762 | 363,594 | 15,467,586 |
| Divorced | 2,465 | 436,888 | 23,075,029 |
| Number Of House Hold | 12,964 | 2,431,591 | 111,826,380 |
| Average House Hold Size | 2.23 | 2.56 | 2.60 |
| Medial Age | 37.57 | 37.25 | 35.46 |
| Median House Hold Income | $36,032 | $57,698 | $48,276 |
| Average House Hold Income | $46,545 | $75,023 | $63,629 |
| P C I | $20,964 | $29,196 | $24,529 |
| M D I | $31,718 | $48,105 | $41,133 |
| A T H E | $41,554 | $57,083 | $50,898 |
| S T R | 5.00% | 5.00% | — |
| W C J | 82.61% | 81.38% | 77.74% |
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
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Listing information last refreshed 2/9/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.