1 Welby Rd New Bedford, MA 02745

Building Details

Year Built

1972

Listing Agency Coastal Commercial Real Estate l***@comcast.net Show Phone

Listed by Lori A. Nery · License #451501061 Show Phone

Source Elliman

Added: Jul 16 Checked: Jul 18 at 1:30 am

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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.

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

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FAQs

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