1 Welby Rd - Office FOR SALE


New Bedford, MA 02745
$1,350,000 USD
508-990-4280
1 Welby Rd, New Bedford, MA for Sale
$1,350,000 USD
Office - FOR SALE
1/35
null | Request Cap Rate

NEW


1 Welby Rd
New Bedford, MA 02745


HIGHLIGHTS

  • Just minutes from Downtown New Bedford, Route 140, Routes 24 & 495, the commuter rail station & New Bedford Regional Airport
  • The property features 6 fully leased professional office suites, including 3 long-term leased tenants & 4 tenant-at-will occupants
  • A 500 SF office becomes available August 1st, creating immediate leasing potential

OVERVIEW

First Time Offered! Exceptional investment opportunity at 1 Welby Park! This impressive two-story brick professional office building offers 10,120 sq ft on 1.09 beautifully landscaped acres in a peaceful suburban setting just minutes from Downtown New Bedford, Route 140, Routes 24 & 495, the commuter rail station & New Bedford Regional Airport. The property features 6 fully leased professional office suites, including 3 long-term leased tenants & 4 tenant-at-will occupants, generating $164,000 in annual income. A 500 SF office becomes available August 1st, creating immediate leasing potential. Many tenants have invested in significant interior improvements & all pay their own utilities. Additional income is generated from highly visible signage on the Phillips Road corner. Amenities include 4 restrooms, handicap accessible lift & paved parking for approximately 65 vehicles. A rare turnkey investment with outstanding cash flow, excellent accessibility & a tranquil business setting!

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$56 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

IA

APN/PARCEL ID

NEWB-000132E-000000-000004

ASK ABOUT THIS PROPERTY

Lori NeryCoastal Commercial Real EstateMore Info
508-990-4280

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Lori NeryCoastal Commercial Real EstateMore Info
508-990-4280

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.