Excellent Investment/Development opportunity! 189 & 206 Durfee Street are both located in an Opportunity Zone and are less than a mile from both the Fall River Depot (2023) and Battleship Cove (2030) train stations. Both parcels are also located in the Arts Overlay District, which opens up the potential for residential/mixed development and grant funding.
189 Durfee St. houses a 5,630 square foot building which contains approximately 200 sf of office space, 1,080 sf of retail space and 4,350 sf of warehouse space. There is a deeded easement and right of way in the rear of the building that offers access to May Street from the 2nd floor. Some water seepage in building at ground level. Updated French drain and sumps in basement.
The building offers a loading dock, conveyor belt, a full and a half bath, and 3 phase electric. Zoned B-N (Neighborhood Business) and located in the Arts Overlay District, potential residential/mixed uses for the property increase (please see "more info" and "documents" for Fall River Uses and Dimensional Regulations).
206 Durfee St., zoned B-L, consists of two previously separate lots that were merged by the City. The lot contains 17,185 sf of land, which, under the current zoning regulations, would allow for more than one multifamily property and still leave enough room to provide parking for 189 Durfee. Add in the fact that it is located in the Arts Overlay District, and the potential uses open up even more (please see "more info" and "documents" for Fall River Uses and Dimensional Regulations). There is currently a 150' curb cut and all utilities are at the street.