Retail Building with Heated Lower
New
For Sale
$1,500,000
330 Hathaway Rd, New Bedford, MA 02746
Street-level retail is supported by a heated lower level and an additional office or small retail building on the site.
Property Size8,062 SF
Price / SF$186.06
Days on Market6
Property Features for 330 Hathaway Rd
General Information
Standard status
Active
Size
8,062 SF
Property subtype
Commercial
Additional Details
Traffic Count
20,000 vehicles/day
Building Details
Building Size
8,571 SF
Year Built
1974
Listing Agency:
Sweet Property
(508) 965-3623
Listed By:
Margaret A Sweet
Source:
Classifiedrealtygroup
Added: Jul 25
Changed: Jul 26
Last Checked: Jul 30 at 2:34AM
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 Sweet Property
Investment Insights
Based on property information with market context.
This property includes a main retail building featuring street-level space and a heated lower level. The main building totals 3,723 sq. ft. for the street-level area, with an additional 3,723 sq. ft. in the heated lower level. An additional office or small retail building provides 616 sq. ft., along with a full basement.
The site also includes a historic residential barn dating to 1840, with a renovated one-bedroom apartment and a rear deck. There is also a barn with versatile storage, garage, and workspace.
The property is located in New Bedford, MA and is described as having exceptional exposure, with approximately 20,000+ cars passing by daily at the interchange. Public remarks note the nearby Whaling City Golf Club and that the city is planning a new office/industrial park in the area.
The site also includes a historic residential barn dating to 1840, with a renovated one-bedroom apartment and a rear deck. There is also a barn with versatile storage, garage, and workspace.
The property is located in New Bedford, MA and is described as having exceptional exposure, with approximately 20,000+ cars passing by daily at the interchange. Public remarks note the nearby Whaling City Golf Club and that the city is planning a new office/industrial park in the area.
Key Highlights
- Main retail building includes 3,723 SF street‑level space plus a 3,723 SF heated lower level
- Additional office or small retail building on‑site with 616 SF and a full basement
- Residential barn built in 1840 offers a renovated 1‑bedroom apartment with a rear deck
Financial Insights For Office B
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 | $193.5k | $24.00 |
| − Vacancy | −$31.0k | −$3.84 |
| EGI | $162.5k | $20.16 |
| − OpEx | −$40.6k | −$5.04 |
| NOI | $121.9k | $15.12 |
8,062 SF · lease $24.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.74M
$1.52M – $2.03M
NOI $121,897 @ 7.0% cap · market cap 8.13%
Second Best
Retail
$1.56M
$1.36M – $1.82M
NOI $109,030 @ 7.0% cap · market cap 7.27%
Theoretical Best
Office A
$2.38M
$2.08M – $2.77M
NOI $166,400 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
247
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02746, MA
17,355
Population
7,640
Households
2.3
Avg Household Size
33
Median Age
10%
College-Educated
67%
High-School Grad
2.8 sq mi
ZIP Area
6,198
Density / Sq Mi
$41,023
Median Household Income
$33,472
Median Earnings
$1,100
Median Rent
$324,400
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?
Storefront property - Street-level retail is supported by a heated lower level and an additional office or small retail building on the site.
Where is this storefront property located?
The property is located at 330 Hathaway Rd New Bedford, MA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Main retail building includes 3,723 SF street‑level space plus a 3,723 SF heated lower level; Additional office or small retail building on‑site with 616 SF and a full basement; Residential barn built in 1840 offers a renovated 1‑bedroom apartment with a rear deck
