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Investment Highlights

  • Opportunity for multifamily construction.

Executive Summary

A standout redevelopment opportunity in the heart of Historic Fairhaven—where vision meets a major head start. Formerly the Fairhaven American Legion Hall, this substantial downtown property is positioned for its next chapter with an approved building permit and architectural plans for conversion of the existing reception hall into a 12-unit apartment complex. For a developer or investor, the groundwork already completed creates an exciting opportunity to move forward with a defined residential concept while unlocking the value of a distinctive landmark property. Three existing commercial storefronts further enhance the possibilities, offering the potential for multiple income streams and a dynamic mixed-use investment under one roof. The two-story brick building commands a prominent presence near Fairhaven's historic center, waterfront, Route 6 and New Bedford. With residential plans, permitting and commercial space already in the equation, this is far more than a building—it's an opportunity to transform an established downtown property into a compelling income-producing asset and bring an exciting redevelopment project to life.

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $51,704 $4.44
Other Income - -
Vacancy Loss - -
Effective Gross Income $51,704 $4.44
Net Operating Income - -

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual $51,704
Annual Per SF $4.44
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $51,704
Annual Per SF $4.44
Net Operating Income (CAD)
Annual -
Annual Per SF -

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront
Building Size
11,654 SF
Building Class
C
Year Built
1910
Price
$1,667,880 CAD
Price Per SF
$143.12 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.06
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
RA - Zoned for a 12-unit apartment complex. Building permit approved and Building plans approved/attached.
Frontage
49’ on Main Street

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • American Legion Post 166 Ma
  • Services
  • -
  • -
  • -
  • Pink Bonnet Bakery
  • -
  • -
  • -
  • -
  • Pretty Paws Bakery
  • -
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease End
American Legion Post 166 Ma Services - - -
Pink Bonnet Bakery - - - -
Pretty Paws Bakery - - - -
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
20/100
Moderately bikeable
60/100

Nearby Major Retailers

Rockland Trust Company
Banco Santander
Citizens
Planet Fitness

Property Taxes

Property Taxes

Parcel Number
FAIR-000009-000000-000078
Land Assessment
$244,761 CAD
Improvements Assessment
$797,525 CAD
Total Assessment
$1,042,286 CAD
  • Listing ID: 41805477

  • Date on Market: 2026-08-19

  • Last Updated:

  • Address: 54 Main St, Fairhaven, MA 02719

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