868 Ashley BlvdNew Bedford, MA 02745

Property Details for 868 Ashley Blvd

Year built

1950

Construction

FRAME

Lot size

0.14 AC

Property size (Sq ft)

1,435 SF

Zone code

MUB

Property type

Office properties

Property subtype

Office buildings

APN

NEWB M:0127-C L:0214

APU

NEWBM0127CL0214

Description

This exceptional two-story, 2,214 square foot office building presents a unique investment opportunity in New Bedford, MA. Built in 1950, this property sits on a 5,998 square foot lot and is zoned MUB, offering versatility for a range of uses. The building features a full bathroom, a kitchen ideal for client meetings or employee breaks, and elegant hardwood floors throughout. Sun-filled office spaces create a bright and productive work environment. The property also boasts attractive front and back yards, perfect for outdoor gatherings. Its high-visibility location on Ashley Boulevard ensures excellent exposure to potential clients and customers. The convenient location near Routes 195 and 140, along with proximity to schools, banks, supermarkets, and restaurants, makes this an exceptionally desirable location. This property is well-suited for owner-occupancy, offering a blend of commercial and potential residential uses. The asking price is $369,900. This is a turn-key opportunity not to be missed.

• CAP approach

  CAP return

  Valuation

  6%

  $237,248

  6.5%

  $218,998

  7%

  $203,356

• Comparable approach

  Method

  Valuation

  Relative Method

  $187,497

  Geo Method

  $187,497

• Alternative Use

  Use

  Valuation

  Residential

  $271,558

  Hospitality

  $248,746

  Educational

  $206,954

  Medical

  $214,071

  Retail

  $321,928

Location Insight

City

New Bedford

County

Bristol

State

Massachusetts

Latitude

41.684

Longitude

-70.9339

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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