Renovated Storefront with
1607 Acushnet Ave New Bedford, MA 02746
1607 Acushnet Ave, New Bedford, MA, 02746
$189,900
For Sale
$189,900
Renovated 1,200 SF storefront in New Bedford with central air, deeded parking, and a garage.
Property Size1,200 SF
Price / SF$158.25
Days on Market90
Property Features for 1607 Acushnet Ave
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing agency
RE/MAX Vantage
(774) 992-5928
Listed by
Josue Rodriguez · License #451502546
(774) 992-5928
Source
Liongatere
Added: Apr 25 Updated: Jul 22 at 3:23AM Checked: Jul 22 at 3:23AM
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 RE/MAX Vantage
Investment Insights
Based on property information with market context.
This well maintained and renovated storefront space offers approximately 1,200 square feet of usable retail area. The unit includes 2 deeded parking spaces and a garage. Renovations and upgrades completed within the last 7 years include a central air conditioning unit, plumbing, forced hot air heating system, electrical panel and wiring, a bathroom, building facade improvements, and an electric water tank, among other updates.
The property is located at 1607 Acushnet Ave in New Bedford, Massachusetts. The current, well established business is described as negotiable with the building.
For qualified buyers, the public remarks also reference New Bedford EDC (Economic Development Center) grant-loans-programs that may be available to help with the purchase of the building and business.
The property is located at 1607 Acushnet Ave in New Bedford, Massachusetts. The current, well established business is described as negotiable with the building.
For qualified buyers, the public remarks also reference New Bedford EDC (Economic Development Center) grant-loans-programs that may be available to help with the purchase of the building and business.
Key Highlights
- Renovated 1,200 SF storefront unit in New Bedford
- Central air conditioning, plus a forced hot air heating system
- Upgrades within the last 7 years include plumbing, electrical panel and wiring, and an electric water tank
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.2k | $21.00 |
| − Vacancy | −$2.0k | −$1.68 |
| EGI | $23.2k | $19.32 |
| − OpEx | −$7.0k | −$5.80 |
| NOI | $16.2k | $13.52 |
1,200 SF · lease $21.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$231.8K
$202.9K – $270.5K
NOI $16,229 @ 7.0% cap · market cap 8.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$353.8K
$309.6K – $412.8K
NOI $24,768 @ 7.0% cap · market cap 13.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Synsere Kut's
Barber Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Mendonca's Florist Shop — 1881 Acushnet Ave, New Bedford, MA 02746
- Abracadabra Florist & Gift Service — 1701 acushnet ave, new bedford, ma 02746
- Sowle's of Mattapoisett — 249 ashley blvd, new bedford, ma 02746
- Sowle The Florist — 249 Ashley Blvd, New Bedford, MA 02746
- East Harlem Florist - Flower Delivery New Bedford MA — 500 kings hwy, new bedford, ma 02745
FAQs
What type of property is this?
Storefront property - Renovated 1,200 SF storefront in New Bedford with central air, deeded parking, and a garage.
Where is this storefront property located?
The property is located at 1607 Acushnet Ave New Bedford, MA.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Renovated 1,200 SF storefront unit in New Bedford; Central air conditioning, plus a forced hot air heating system; Upgrades within the last 7 years include plumbing, electrical panel and wiring, and an electric water tank
