Established Sports Pub with Real
For Sale
$1,650,000
Pending
218 Coggeshall Street Unit 1-3, New Bedford, MA 02745
Turnkey sports pub with real estate and development potential.
Property Size6,570 SF
Lot Size0.50 Acres
Days on Market233
Property Features for 218 Coggeshall Street Unit 1-3
General Information
Standard status
Pending
Size
6,570 SF
Lot size
0.50 Acres
Property subtype
Commercial
Building Details
Year Built
1895
Listing Agency:
Coastal Realty
Listed By:
Lori A. Nery · License #451501061
(508) 736-2387
Source:
Milburyre
Added: Mar 6
Changed: Oct 25
Last Checked: Oct 24 at 10:32PM
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 offering features a long-established and well-known sports pub with real estate in New Bedford, Massachusetts. The property includes a residential/commercial building with three connected lots, plus an additional lot across the street, totaling over half an acre. The parcels are separately deeded but sold together, offering development and expansion potential. The site is anchored by a recently renovated, fully operational restaurant featuring a full commercial kitchen, walk-in coolers, a professional hood system, furniture, fixtures, and equipment, plus a liquor license. The business is turnkey and ready for immediate revenue. The property benefits from frontage, exposure, and traffic along a busy corridor with access to major routes. Flexible zoning supports commercial and mixed-use possibilities.
Key Highlights
- Fully operational, recently renovated restaurant with a full commercial kitchen, walk‑in coolers, hood system, furniture, fixtures, and equipment included.
- Includes a valuable liquor license**, offering immediate day‑one revenue potential.
- Three connected lots plus an additional lot across the street, totaling over half an acre.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,451
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,969,020
$2.0M
Cap Rate 7%
$1,406,443
$1.4M
Cap Rate 9%
$1,093,900
$1.1M
Market Conditions
NOI Build-Up for 6,570 SF
Gross rent
$141.9K $21.60/SF
− Vacancy
−$10.6K −$1.62/SF
EGI
$131.3K $19.98/SF
− OpEx
−$32.8K −$5.00/SF
NOI
$98.5K $14.99/SF
Area
New Bedford, MA
Vacancy
7.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,969,020
Cap Rate 7%
$1,406,443
Cap Rate 9%
$1,093,900
Alternative Uses
Best Use
Specialty Retail
$1.41M
$1.23M – $1.64M
NOI $98,451 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.94M
$1.70M – $2.26M
NOI $135,605 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
869
Businesses Nearby
174k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 49%
Dining 34%
Shops & Services 10%
Apparel 4%
Market Basket
Groceries
85,295 visits/mo
0.1 miles
McDonald's
Dining
24,283 visits/mo
0.2 miles
7-Eleven
Shops & Services
12,454 visits/mo
0.3 miles
Starbucks
Dining
12,366 visits/mo
0.1 miles
Popeyes Louisiana Kitchen
Dining
12,062 visits/mo
0.2 miles
Demographics for 02745, MA
25,336
Population
10,649
Households
2.4
Avg Household Size
41
Median Age
20%
College-Educated
83%
High-School Grad
9.8 sq mi
ZIP Area
2,585
Density / Sq Mi
$73,154
Median Household Income
$46,978
Median Earnings
$1,104
Median Rent
$339,600
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
Similar Off Market Nearby
- Tropicana Bar & Grill — New Bedford, MA 02740
- Curiosity Shop Cafe — 1587 Purchase St, New Bedford, MA 02740
- The Gallery Bar — 20 Kenyon St, New Bedford, MA 02740
- Paul's Sports Corner — 19 Howland Rd, Fairhaven, MA 02719
- Casa Benfica New Bedford — 1484 Acushnet Ave, New Bedford, MA 02746
Frequently Asked Questions
What type of property is this?
Bar & Pub - Turnkey sports pub with real estate and development potential.
Where is this bar & pub located?
The property is located at 218 Coggeshall Street Unit 1-3 New Bedford, MA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Fully operational, recently renovated restaurant with a **full commercial kitchen, walk‑in coolers, hood system, furniture, fixtures, and equipment included**.; Includes a valuable liquor license**, offering immediate day‑one revenue potential.; Three connected lots plus an additional lot across the street, totaling over half an acre.
