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:
- Current tenants are (TAW) with no leases in effect. All measurements are approximate. Unit 5 and bathroom are roughed in. Appliances in Unit 2, 3, 8 and 10 are owned by the tenants. Furnishings in Unit 2, 7, 8, 10, 14A are owned by the tenants., Over 30 years ago the property was treated for termites and has been under an annual maintenance since. On occasion, slight seepage during heavy rains limited to one area in unfinished area of the lower level. All appliances and wall mounted playroom tv included, Seller hasn't lived in the home.
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