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South End Commercial Building
For Sale
$159,900
Pending

131-133 Hemlock St, New Bedford, MA 02740

2,344 sqft commercial building in the South End.

Property Size2,344 SF
Days on Market1183

Property Features for 131-133 Hemlock St

General Information

Standard status Pending
Size 2,344 SF
Property subtype COMMERCIAL

Taxes and HOA fees

Annual Taxes $4,542

Building Details

Building Size 2,344 SF
Year Built 1930
Listing Agency: Jose S. Castelo Real Estate, Inc.
Listed By: Martin Correia
Source: Allisonmazer
Added: Jul 11, 2023 Changed: Oct 2 Last Checked: Oct 4 at 5:45PM

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 Jose S. Castelo Real Estate, Inc.

Investment Insights

Based on property information with market context.

This 2,344 sqft commercial building is located in the heart of the South End. Formerly a variety store and meat market, the property could be divided into two rental units.

Key Highlights

  • 2,344sqft commercial building in the heart of the South End
  • Located in the heart of the South End
  • Former Variety Store and Meat Market

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Kitchen & Bath Showroom Restaurant (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,157
Businesses Nearby
107k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 55% Dining 41% Electronics 3% Home Improvements & Furnishings 1%
Cumberland Farms Shops & Services
20,046 visits/mo 0.3 miles
Dollar Tree Shops & Services
15,737 visits/mo 0.3 miles
Dunkin' Donuts Dining
12,555 visits/mo 0.4 miles
Burger King Dining
11,434 visits/mo 0.4 miles
Taco Bell Dining
9,556 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
View Realmo Analytics

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Similar Off Market Nearby

  • Stop & Shop Florist — 438 Dartmouth St, New Bedford, MA 02740
  • The Green Thumb — 294 Rockdale Ave, New Bedford, MA 02740
  • Hawthorn Florist & Gift Shop — 87 Dartmouth St, New Bedford, MA 02740

Frequently Asked Questions

What type of property is this?
Storefront property - 2,344 sqft commercial building in the South End.
Where is this storefront property located?
The property is located at 131-133 Hemlock St New Bedford, MA.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: 2,344sqft commercial building in the heart of the South End; Located in the heart of the South End; Former Variety Store and Meat Market
More about this property
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