Downtown Storefront
For Sale
Contact for pricing
127 Union St, New Bedford, MA 02740
Street-level retail space with large display windows, secure storage, and separately metered utilities.
Property Size2,198 SF
Price / SF$1.00
Days on Market52
Property Features for 127 Union St
General Information
Standard status
Active
Size
2,198 SF
Property subtype
Commercial
Zoning
MUB
Lease Type
Gross
Taxes and HOA fees
Annual Taxes
$4,410
Building Details
Building Size
2,198 SF
Year Built
2024
Listing Agency:
Lanagan & Co
(617) 848-1240
Listed By:
Jason P. Lanagan
(508) 985-8898
Source:
Churchillprop
Added: Aug 26
Changed: Oct 6
Last Checked: Oct 14 at 8:53PM
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 Lanagan & Co
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Investment Insights
Based on property information with market context.
Built in 2024, this storefront property at 127 Union St offers a vanilla-box interior suited to a range of retail applications. The layout includes 1,710 square feet of street-level retail space and 488 square feet of secure basement storage. Large storefront windows bring natural light into the customer-facing area and provide a prominent presence along Lower Union Street.
The property is located in Downtown New Bedford and is zoned MUB. Gas, electric, and water are separately metered, with occupants responsible for their own utility service. The combination of visible street-level space, dedicated storage, and a flexible delivery condition supports a practical retail configuration.
The property is located in Downtown New Bedford and is zoned MUB. Gas, electric, and water are separately metered, with occupants responsible for their own utility service. The combination of visible street-level space, dedicated storage, and a flexible delivery condition supports a practical retail configuration.
Key Highlights
- 1,710 square feet of street‑level retail space
- 488 square feet of secure basement storage
- Large storefront windows provide natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,726
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,520
$594.5K
Cap Rate 7%
$424,657
$424.7K
Cap Rate 9%
$330,289
$330.3K
Market Conditions
NOI Build-Up for 2,198 SF
Gross rent
$46.2K $21.00/SF
− Vacancy
−$3.7K −$1.68/SF
EGI
$42.5K $19.32/SF
− OpEx
−$12.7K −$5.80/SF
NOI
$29.7K $13.52/SF
Area
New Bedford, MA
Vacancy
8.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,520
Cap Rate 7%
$424,657
Cap Rate 9%
$330,289
Alternative Uses
Best Use
Retail
$424.7K
$371.6K – $495.4K
NOI $29,726 @ 7.0% cap · market cap 1,351.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$648.1K
$567.1K – $756.1K
NOI $45,367 @ 7.0% cap · market cap 2,062.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,017
Businesses Nearby
56k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Shops & Services 22%
Hotels & Casinos 12%
McDonald's
Dining
19,099 visits/mo
0.3 miles
KFC
Dining
14,064 visits/mo
0.3 miles
Bank of America
Shops & Services
11,555 visits/mo
0.1 miles
Fairfield Inn
Hotels & Casinos
5,110 visits/mo
0.2 miles
Dunkin' Donuts
Dining
3,457 visits/mo
0.2 miles
Demographics for 02740, MA
45,166
Population
20,532
Households
2.2
Avg Household Size
39
Median Age
18%
College-Educated
77%
High-School Grad
5.7 sq mi
ZIP Area
7,924
Density / Sq Mi
$54,563
Median Household Income
$39,310
Median Earnings
$1,052
Median Rent
$303,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Hawthorn Florist & Gift Shop — 87 Dartmouth St, New Bedford, MA 02740
- Bell's Bouquets NB — 212 Union St, New Bedford, MA 02740
- New Bedford Florist — 253 cottage st, new bedford, ma 02740
- Whaling City Florist — 564 County St, New Bedford, MA 02740
- Bloomtopia Flowers and gifts — 564 County St, New Bedford, MA 02740
Frequently Asked Questions
What type of property is this?
Storefront property - Street-level retail space with large display windows, secure storage, and separately metered utilities.
Where is this storefront property located?
The property is located at 127 Union St New Bedford, MA.
What are key features of this property?
This property features: 1,710 square feet of street‑level retail space; 488 square feet of secure basement storage; Large storefront windows provide natural light
