Property Description
Located in historic downtown New Bedford, near the city’s iconic cobblestone streets and just minutes from the Port of New Bedford, America’s #1 fishing port. This 99% rented multi-tenant commercial property offers a strong income-producing opportunity in one of the South Coast’s most recognizable waterfront markets. The property features multiple tenants and is being positioned at approximately a 7.17% cap rate based on seller-stated NOI. Convenient access to downtown amenities, the working waterfront, restaurants, services, and major routes. Buyer and buyer’s agent to perform all due diligence and verify all financials, rents, leases, expenses, zoning, use, and property information.
Features
- Disclosure:
- located at 63-69 Lynnway, 100, 104 & 106 Newhall Street, and 9 Chancery Lane, Tenant income minimum 2X rent. Credit score minimum 600. Tenant may not have any prior evictions or criminal background. Potential tenants to apply through Zillow.Tenant to do their own due diligence. No guarantees or warranties made, verbal or implied., Electric Heat in one of the bedrooms (in addition to forced hot air). Sale is subject to suitable housing., Listing Agent is Owner., Listing agent has a personal interest in the property., Not a legal 2 family - in-law apartment. Town records show 3 bedrooms. Some photos are virtually staged.
Additional Information
- Tax Year:
- 2026
- Status:
- Active
- Zoning:
- MUB
- Orig Price:
- $2,455,000
- Waterfront:
- No
- MlsStatus:
- Active
Address Map
- City:
- New Bedford
- State:
- MA
- County:
- Bristol
- Postal Code:
- 02740
- Longitude:
- W71° 4' 30.5''
- Latitude:
- N41° 38' 9.6''
Commercial Sale
5 Dover St, New Bedford, Massachusetts
29,103 Sqft
$2,455,000
Listing ID #73537518
Basic Details
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $2,455,000
- Square Footage :
- 29,103 Sqft
- Year Built :
- 1903
- Lot Area :
- 0.22 Acre
- Listing ID :
- 73537518
Agent info
Robb Enterprises
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
Contact Agent