Compact Retail
184 Union, New Bedford, MA 02740
For Sale
Contact for pricing
The modest footprint offers a practical option for a downtown business seeking a smaller commercial location.
Property Size468 SF
Price / SF$1.92
Days on Market9
Property Features for 184 Union
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
Coastal Realty
(508) 990-4280
Listed By:
Noble Vincent
(413) 626-1655
Source:
Lockandkeyre
Added: Nov 6
Changed: Nov 12
Last Checked: Nov 12 at 8:33AM
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 Coastal Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 468-square-foot retail space is part of a building constructed in 1930. Its Union Street address places it within downtown New Bedford’s business district, along a route described as a primary east-west thoroughfare. On-street parking is available, and restaurants, shops, professional offices, and municipal resources are in the downtown area.
Key Highlights
- 468 square feet of retail space
- Located at 184 Union Street in downtown New Bedford
- On‑street parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,329
Suggested Prices Based on Cap Rates
Cap Rate 5%
$126,580
$126.6K
Cap Rate 7%
$90,414
$90.4K
Cap Rate 9%
$70,322
$70.3K
Market Conditions
NOI Build-Up for 468 SF
Gross rent
$9.8K $21.00/SF
− Vacancy
−$786 −$1.68/SF
EGI
$9.0K $19.32/SF
− OpEx
−$2.7K −$5.80/SF
NOI
$6.3K $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%
$126,580
Cap Rate 7%
$90,414
Cap Rate 9%
$70,322
Alternative Uses
Best Use
Retail
$90.4K
$79.1K – $105.5K
NOI $6,329 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$138.0K
$120.8K – $161.0K
NOI $9,660 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,060
Businesses Nearby
57k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 68%
Shops & Services 20%
Hotels & Casinos 12%
McDonald's
Dining
19,099 visits/mo
0.4 miles
KFC
Dining
14,064 visits/mo
0.4 miles
Bank of America
Shops & Services
11,555 visits/mo
0.3 miles
Fairfield Inn
Hotels & Casinos
5,110 visits/mo
0.1 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
$303,400
Median Home Value
Market
Average Price Trend$/SF for Retail space in Bristol County, MA
Properties on Market for Retail space in Bristol County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - The modest footprint offers a practical option for a downtown business seeking a smaller commercial location.
Where is this retail space located?
The property is located at 184 Union New Bedford, MA.
What are key features of this property?
This property features: 468 square feet of retail space; Located at 184 Union Street in downtown New Bedford; On‑street parking available
