1024 Kings HwyNew Bedford, MA 02745

Property Details for 1024 Kings Hwy

Year built

1970

Construction

STEEL FRAME

Lot size

11.29 AC

Property size (Sq ft)

165,183 SF

Zone code

PB

Property type

Super regional malls

APN

NEWB M:0123 L:0109

APU

NEWBM0123L0109

Description

This 2,700 square foot retail space is located at 1024 Kings Highway, New Bedford, MA 02745, in Bristol County. The property is zoned PB and features a single-tenant occupancy. Its highly visible location, just off Route 140 and near the Church Street Train Station, ensures excellent accessibility and high traffic volume. The surrounding area boasts numerous established businesses and services, creating a thriving commercial environment. This strategic location makes it an ideal space for a variety of retail uses, capitalizing on the existing strong commercial activity and the growing population of New Bedford and the South Coast. The property's prominent position and convenient access promise a successful future for its tenant. This opportunity is particularly attractive given its current pricing, making it a compelling investment. The property's address is easily accessible and benefits from high visibility, making it an ideal location for a business seeking to establish a strong presence in the New Bedford market.

• CAP approach

  CAP return

  Valuation

  6%

  $40,145,236

  6.5%

  $37,057,140

  7%

  $34,410,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $54,388,684

  Geo Method

  $54,388,684

• Alternative Use

  Use

  Valuation

  Residential

  $31,259,084

  Hospitality

  $28,633,154

  Educational

  $23,822,448

  Medical

  $24,641,738

  Retail

  $37,057,140

Location Insight

City

New Bedford

County

Bristol

State

Massachusetts

Latitude

41.6761

Longitude

-70.9407

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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