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    31 Scott St New Bedford, MA 02744

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    For Sale
    $398,000

    4,906 sq ft commercial space ideal for auto shops.

    Lot size:
    0.15 Acres

    Property Features for 31 Scott St

    General Information

    Lot size
    0.15 Acres

    Building Details

    Year built
    1921

    Source: Lamacchia Realty, Inc Agent Cheryl Perry

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Spot in New Bedford

    This 4,906 sq ft commercial property, located in the South End of New Bedford, is suitable for auto shops or storage businesses. The property is currently tenant-occupied, generating a monthly income of $3,000. The layout includes a loft area with an office and a bathroom, along with an additional half bath. There are six parking spots available. Prospective buyers should investigate the potential need for an MDC trap and the status of environmental checks (21 E). The property is being sold without any equipment. The property offers income potential from day one.
    Insight Report Location Intelligence

    Current Use by Public Records

    Alves Auto Repair Auto Repair Shop

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Similar Places Nearby

    South Dartmouth Auto & Truck Repair, Deluxe Interiors Co, J.C Auto sales and repair inc., Mr.Fix-it's XBOX 360 Repairs and Modifications, Navigator Automotive

    Location Insight

    • Map
    • Local Demand
    City
    New Bedford
    County
    Bristol
    State
    Massachusetts
    Longitude
    -70.9234355
    Latitude
    41.6163552

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    FAQs

    What type of property is this?
    Auto shop - 4,906 sq ft commercial space ideal for auto shops.
    Where is this auto shop located?
    The property is located at 31 Scott St New Bedford, MA.
    What is the asking price?
    The asking price for this property is $398,000.
    What are key features of this property?
    This property features: - Sizeable 4,906 sq ft commercial space ideal for auto shops or storage.; - Existing tenant provides immediate income of $3,000 per month.; - Includes a loft with an office and bathroom.
    (508) 965-0103
    Request Owner's contact information
    31 Scott St New Bedford, MA 02744
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    New Bedford, MA 02744
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    Realmo Value Estimation

    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.

    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.

    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
    31 Scott St New Bedford, MA 02744
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