Open Flex Space with Truck
For Sale
Contact for pricing
229-241 Coffin Ave # CB3, New Bedford, MA 02746
Open commercial space with an automatic door, ADA-accessible restrooms, and access to nearby highways, major roads, and commuter rail.
Property Size2,939 SF
Price / SF$0.00
Days on Market48
Property Features for 229-241 Coffin Ave # CB3
General Information
Standard status
Active
Size
2,939 SF
Property subtype
Commercial
Zoning
IA
Lease Type
Gross
Additional Details
Utilities to Site
Yes
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$46,543
Amenities
New ADA accessible restrooms
Building Details
Building Size
2,939 SF
Year Built
1930
Listing Agency:
Coastal Realty
(508) 990-4280
Listed By:
Lori A. Nery · License #451501061
(508) 736-2387
Source:
Churchillprop
Added: Sep 1
Changed: Oct 6
Last Checked: Oct 16 at 7:14AM
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
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Investment Insights
Based on property information with market context.
This 2,939-square-foot flex space is configured as an open commercial unit within a 90,000-square-foot building constructed in 1930. An automatic door accommodates a 20-foot box truck, while new ADA-accessible restrooms support a range of commercial operations. Gas and electric service are included, and the building has undergone modernization focused on energy efficiency while retaining its established architectural character. The space may be combined with Corner Bay 4 for a total of 5,819 square feet.
The property is positioned near highways, major roads, and commuter rail, with neighborhood walking traffic contributing to the surrounding setting. Zoning is IA. Other occupied units in the building include a laundromat, mattress store, and appliance warehouse.
The property is positioned near highways, major roads, and commuter rail, with neighborhood walking traffic contributing to the surrounding setting. Zoning is IA. Other occupied units in the building include a laundromat, mattress store, and appliance warehouse.
Key Highlights
- 2,939 square feet of open flex space
- Automatic door accommodates a 20‑foot box truck
- Can combine with Corner Bay 4 for 5,819 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,929
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,580
$578.6K
Cap Rate 7%
$413,271
$413.3K
Cap Rate 9%
$321,433
$321.4K
Market Conditions
NOI Build-Up for 2,939 SF
Gross rent
$43.7K $14.88/SF
− Vacancy
−$2.4K −$0.82/SF
EGI
$41.3K $14.06/SF
− OpEx
−$12.4K −$4.22/SF
NOI
$28.9K $9.84/SF
Area
New Bedford, MA
Vacancy
5.50%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,580
Cap Rate 7%
$413,271
Cap Rate 9%
$321,433
Alternative Uses
Best Use
Warehouse
$488.2K
$427.2K – $569.6K
NOI $34,175 @ 7.0% cap · market cap 244,107.14%
Second Best
Flex RnD
$415.6K
$363.6K – $484.9K
NOI $29,091 @ 7.0% cap · market cap 207,792.86%
Theoretical Best
Office A
$866.6K
$758.3K – $1.01M
NOI $60,661 @ 7.0% cap · market cap 433,292.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
994
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Luzo Food Services — 376 Nash Rd, New Bedford, MA 02746
- D & D Caterers — 53 Belleville Rd, New Bedford, MA 02745
Frequently Asked Questions
What type of property is this?
Flex space - Open commercial space with an automatic door, ADA-accessible restrooms, and access to nearby highways, major roads, and commuter rail.
Where is this flex space located?
The property is located at 229-241 Coffin Ave # CB3 New Bedford, MA.
What are key features of this property?
This property features: 2,939 square feet of open flex space; Automatic door accommodates a 20‑foot box truck; Can combine with Corner Bay 4 for 5,819 square feet
