12 Welby RdNew Bedford, MA 02745

Property Details for 12 Welby Rd

Year built

1980

Construction

FRAME

Lot size

0.66 AC

Property size (Sq ft)

8,120 SF

Zone code

IA

Property type

Office properties

Property subtype

Office buildings

APN

NEWB M:0132-E L:0005

APU

NEWBM0132EL0005

Description

This exceptional executive office space at 12 Welby Road in New Bedford, Massachusetts, offers a prime location and flexible layouts to suit various business needs. The building encompasses a total of 3,670 square feet, currently entirely vacant and available for lease. Multiple tenancy options are available, with spaces ranging from a minimum of 682 square feet to a maximum contiguous space of 1,988 square feet. This allows for businesses of all sizes to find the perfect fit, whether seeking a smaller, efficient office or a larger, more expansive workspace. The property is conveniently located at 12 Welby Rd, New Bedford, MA 02745. Ample parking is provided for tenants and their clients, ensuring convenient access and a positive experience. The building's classification as "Executive Office" speaks to its high-quality construction and finishes, creating a professional and sophisticated environment ideal for businesses seeking to project an image of success and stability. The entire 3,670 square feet is currently available, presenting a unique opportunity for a single tenant to occupy the entire building or for multiple tenants to lease individual suites. This versatile property is perfectly suited for a variety of businesses seeking a well-appointed and conveniently located office space in New Bedford. Inquire today to learn more about leasing options and secure your ideal workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $1,862,937

  6.5%

  $1,719,634

  7%

  $1,596,804

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,060,959

  Geo Method

  $1,060,959

• Alternative Use

  Use

  Valuation

  Residential

  $2,132,347

  Hospitality

  $1,953,218

  Educational

  $1,625,055

  Medical

  $1,680,943

  Retail

  $2,527,863

Location Insight

City

New Bedford

County

Bristol

State

Massachusetts

Latitude

41.7051

Longitude

-70.9483

CBSA code

39300

CBSA name

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

Property Tax & Assessments

FAQs

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