Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    290 Union St. unit A New Bedford, MA 02740

    View on Map
    For Lease
    $2,300 /Mo

    COMMERCIAL - New Bedford, MA

    Lot size:
    0.06 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    21
    Last Refresh:
    Apr 1 at 1:06 am

    Property Features for 290 Union St. unit A

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Property condition
    Under Construction
    Bathrooms
    1
    Rooms
    Bathroom 1
    Standard status
    Active
    Lot size
    0.06 Acres

    Taxes and HOA fees

    TaxYear
    2025

    Building Details

    Year built
    2026

    We can help!

    Listing Contact
    Clifford Ponte

    Listing agent Clifford Ponte License #9554597

    Listing office Keller Williams South Watuppa 275 Martine Street, Unit 109, Fall River, MA

    Listing date Mar 12, 2026

    MLS# 73486242

    Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Retail/Restaurant Space Available

    Located in the heart of downtown New Bedford, this versatile retail unit offers exceptional visibility and foot traffic at a busy intersection. Full of character and charm, the space was previously operated as a bakery and restaurant and is already equipped with a commercial kitchen setup in the rear, making it an excellent opportunity for food service or cafe concepts. The front of the space features generous counter and service areas that could easily be configured for dine-in seating, takeout service, or retail displays. With strong street exposure and constant pedestrian activity, this location provides the perfect environment to grow a thriving business. The 0.0624-acre property is located in Bristol County. Whether you're looking to open a restaurant, bakery, coffee shop, specialty retail store, or another creative concept, this flexible space allows you to build to suit your vision. This standout downtown location is suitable for restaurants, conventional restaurants, coffee shops, retail space, retail properties, and commercial real estate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Bedford
    County
    Bristol
    State
    Massachusetts
    Longitude
    -70.929871
    Latitude
    41.633679

    Nearby Similar for Lease

    • Contact for pricing

      Downtown New Bedford Office Space

      Affordable downtown office space with utilities included and parking.
      9 S 6th St, New Bedford, MA 02740
      View Details
    • $14/mo

      Iconic Building Retail Space Available

      Retail space in a modernized, iconic building with original features.
      229 Coffin Ave, New Bedford, MA
      View Details
    • Contact for pricing

      Classic Office Space Available

      Two-story office space with basement, updated features, and flexible layout.
      305 Nash Rd, New Bedford, MA
      View Details
    • Contact for pricing

      Downtown Restaurant Space Available

      Updated restaurant space with working kitchen and potential beer garden.
      250 Union St, New Bedford, MA
      View Details
    • Contact for pricing

      Retail Space in Friendly Plaza

      Retail unit with storefront and multiple entrances available for lease.
      2301 Purchase St, New Bedford, MA
      View Details
    • Contact for pricing

      Grocery Anchored Retail Space Available

      Retail spaces in grocery-anchored shopping center with high traffic.
      446-462 Mount Pleasant Street, New Bedford, MA,
      View Details
    • Contact for pricing

      Downtown New Bedford Office Space

      Private office space in historic building with included utilities.
      412 County St, New Bedford, MA
      View Details
    • $18/mo

      Retail Space Near Train Station

      Highly visible retail space near Church St. Train Station.
      1014-1068 Kings Hwy, New Bedford, MA
      View Details
    • $20/mo

      Class A Medical/Professional Space

      Exceptional facility designed for healthcare or general professional users.
      1155 Purchase St, New Bedford, MA
      View Details
    • Contact for pricing

      Retail Space at Riverside Landing

      Retail space available in a busy shopping center.
      119 Coggeshall St, New Bedford, MA
      View Details
    • Contact for pricing

      Retail Space with Drive-Thru

      Retail space suitable for QSR or convenience retail center.
      1230 Braley Road, New Bedford, MA
      View Details
    • Contact for pricing

      Retail Building with Drive-Thru

      Free-standing retail building with drive-thru in busy commercial district.
      131 Nauset St, New Bedford, MA
      View Details

    FAQs

    What type of property is this?
    Restaurant - Versatile retail unit in downtown New Bedford with high visibility.
    Where is this restaurant located?
    The property is located at 290 Union St. unit A New Bedford, MA.
    What is the lease rate?
    The lease rate is $2,300 /Mo.
    What are key features of this property?
    This property features: Exceptional visibility and foot traffic at a busy downtown intersection.; Equipped with a commercial kitchen setup, ideal for food service or cafe concepts.; Generous counter and service areas adaptable for dine‑in, takeout, or retail displays.
    (508) 677-3233
    We can help!
    Listing Contact
    Clifford Ponte
    Real Estate License ID: 9554597
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!