Established Clothing
For Sale
$375,000
1515 Acushnet Avenue, New Bedford, MA 02746
Long-running clothing retail business for sale in New Bedford’s North End.
Property Size1,986 SF
Days on Market160
Property Features for 1515 Acushnet Avenue
General Information
Standard status
Active
Size
1,986 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Building Details
Building Size
1,986 SF
Year Built
1986
Listing Agency:
Jose S. Castelo Real Estate, Inc.
(508) 995-6291
Listed By:
Martin Correia · License #9057721
(508) 496-1282
Source:
Iverty
Added: Apr 9
Changed: Sep 14
Last Checked: Sep 14 at 6:45AM
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 established clothing store is being offered for sale and includes a long-standing retail operation with more than 40 years of history. The current owners are retiring and indicate they will provide training and support to the new owner to help ensure a smooth transition.
The business is located in the North End of New Bedford on Acushnet Avenue. The store is described as well-known locally with a loyal customer base and consistent performance over time.
For buyers looking to take over a proven retail business, this offering includes the opportunity to purchase an operating clothing store and benefit from owner-supported transition planning.
The business is located in the North End of New Bedford on Acushnet Avenue. The store is described as well-known locally with a loyal customer base and consistent performance over time.
For buyers looking to take over a proven retail business, this offering includes the opportunity to purchase an operating clothing store and benefit from owner-supported transition planning.
Key Highlights
- Established clothing store business for sale in New Bedford’s North End
- Year built: 1986
- Over 40 years of successful operation with a long‑standing customer base
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,859
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$537,180
$537.2K
Cap Rate 7%
$383,700
$383.7K
Cap Rate 9%
$298,433
$298.4K
Market Conditions
NOI Build-Up for 1,986 SF
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.
Gross rent
$41.7K $21.00/SF
− Vacancy
−$3.3K −$1.68/SF
EGI
$38.4K $19.32/SF
− OpEx
−$11.5K −$5.80/SF
NOI
$26.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$537,180
Cap Rate 7%
$383,700
Cap Rate 9%
$298,433
Alternative Uses
Best Use
Retail
$383.7K
$335.7K – $447.7K
NOI $26,859 @ 7.0% cap · market cap 7.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$585.6K
$512.4K – $683.2K
NOI $40,991 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
994
Businesses Nearby
138k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 62%
Dining 28%
Shops & Services 9%
Electronics 1%
Market Basket
Groceries
85,295 visits/mo
0.4 miles
McDonald's
Dining
24,283 visits/mo
0.5 miles
Starbucks
Dining
12,366 visits/mo
0.5 miles
Citgo
Shops & Services
7,276 visits/mo
0.4 miles
Sunoco
Shops & Services
3,905 visits/mo
0.5 miles
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 Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Long-running clothing retail business for sale in New Bedford’s North End.
Where is this storefront property located?
The property is located at 1515 Acushnet Avenue New Bedford, MA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Established clothing store business for sale in New Bedford’s North End; Year built: 1986; Over 40 years of successful operation with a long‑standing customer base
