Two-Story Professional Office
For Sale
$1,350,000
1 Welby Rd, New Bedford, MA 02745
Two-story brick office building with paved parking for approximately 65 vehicles and six leased suites generating annual income.
Property Size10,120 SF
Lot Size1.09 Acres
Price / SF$133.40
Days on Market49
Property Features for 1 Welby Rd
General Information
Standard status
Active
Size
10,120 SF
Total Parking Spaces
65
Lot size
1.09 Acres
Property subtype
Commercial
Occupancy
100%
Additional Details
Business Included
Yes
Highway Access
Yes
Office Units
6
Taxes and HOA fees
Annual Taxes
$25,000
Building Details
Building Size
10,120 SF
Year Built
1972
Stories
2
Tenancy
Multi
Listing Agency:
Coastal Realty
(508) 990-4280
Listed By:
Lori A. Nery · License #451501061
Source:
Classifiedrealtygroup
Added: Jul 16
Changed: Aug 24
Last Checked: Sep 1 at 3:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coastal Realty
Investment Insights
Based on property information with market context.
This two-story brick professional office building offers a total of 10,120 square feet across multiple suites, with six fully leased professional office spaces currently in place. The property includes 4 restrooms and a handicap accessible lift, along with paved parking for approximately 65 vehicles. Tenant improvements are present, and the reporting indicates all tenants pay their own utilities. Additional revenue is generated from highly visible signage on the Phillips Road corner. A 500-square-foot office suite is scheduled to become available on August 1st.
The property is described as being in a peaceful suburban setting just minutes from Downtown New Bedford, Route 140, Routes 24 & 495, the commuter rail station, and New Bedford Regional Airport. Accessibility and visibility are supported by the noted corner signage.
As first-time offered, the asset is presented as a turnkey office investment with a mix of long-term leased tenants and tenant-at-will occupants contributing to reported annual income.
The property is described as being in a peaceful suburban setting just minutes from Downtown New Bedford, Route 140, Routes 24 & 495, the commuter rail station, and New Bedford Regional Airport. Accessibility and visibility are supported by the noted corner signage.
As first-time offered, the asset is presented as a turnkey office investment with a mix of long-term leased tenants and tenant-at-will occupants contributing to reported annual income.
Key Highlights
- Two‑story brick professional office building built in 1972 with 10,120 SF on 1.09 acres
- 6 fully leased office suites: 3 long‑term tenants plus 4 tenant‑at‑will occupants generating $164,000 in annual income
- 500 SF suite scheduled to become available August 1st
Property Analytics
Property Profile
Current Use
Lease Details
6
Office units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
Explore this area
Business Placement
Demographics for 02745, MA
25,336
Population
10,649
Households
2.4
Avg Household Size
41
Median Age
20%
College-Educated
83%
High-School Grad
9.8 sq mi
ZIP Area
2,585
Density / Sq Mi
$73,154
Median Household Income
$46,978
Median Earnings
$1,104
Median Rent
$339,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story brick office building with paved parking for approximately 65 vehicles and six leased suites generating annual income.
Where is this office building located?
The property is located at 1 Welby Rd New Bedford, MA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two‑story brick professional office building built in 1972 with 10,120 SF on 1.09 acres; 6 fully leased office suites: 3 long‑term tenants plus 4 tenant‑at‑will occupants generating $164,000 in annual income; 500 SF suite scheduled to become available August 1st
