Storefront Unit with Dual
New
For Sale
Contact for pricing
2301 Purchase Street Unit 4, New Bedford, MA 02746
A rear alley connection and separate customer and service access support a practical storefront layout.
Property Size1,800 SF
Price / SF$0.83
Days on Market6
Property Features for 2301 Purchase Street Unit 4
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Commercial
Building Details
Year Built
1910
Listing Agency:
E. J. Pontiff Real Estate
Listed By:
E. Jeffrey Pontiff · License #451500777
(508) 961-1671
Source:
Lockandkeyre
Added: Oct 21
Changed: Oct 26
Last Checked: Oct 25 at 2:34AM
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 E. J. Pontiff Real Estate
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 1,800-square-foot storefront unit has two customer entrances, one bathroom, and two additional doors at the rear that open toward an alley. The configuration also includes a large storefront area.
The stated NNN arrangement assigns the tenant responsibility for utilities and a share of real estate taxes and insurance, billed quarterly.
The stated NNN arrangement assigns the tenant responsibility for utilities and a share of real estate taxes and insurance, billed quarterly.
Key Highlights
- 1,800‑square‑foot storefront unit
- Two entrances at the storefront
- One bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,343
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,860
$486.9K
Cap Rate 7%
$347,757
$347.8K
Cap Rate 9%
$270,478
$270.5K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$37.8K $21.00/SF
− Vacancy
−$3.0K −$1.68/SF
EGI
$34.8K $19.32/SF
− OpEx
−$10.4K −$5.80/SF
NOI
$24.3K $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%
$486,860
Cap Rate 7%
$347,757
Cap Rate 9%
$270,478
Alternative Uses
Best Use
Retail
$347.8K
$304.3K – $405.7K
NOI $24,343 @ 7.0% cap · market cap 1,622.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$530.7K
$464.4K – $619.2K
NOI $37,152 @ 7.0% cap · market cap 2,476.80%
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
1,001
Businesses Nearby
36k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Dining 29%
Electronics 4%
Dollar Tree
Shops & Services
20,355 visits/mo
0.4 miles
Dunkin' Donuts
Dining
9,057 visits/mo
0.5 miles
Advance Auto Parts
Shops & Services
3,454 visits/mo
0.5 miles
Wok & Roll
Dining
1,404 visits/mo
0.0 miles
Boost Mobile
Electronics
1,378 visits/mo
0.4 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
Similar Off Market Nearby
- Bloomtopia Flowers and gifts — 376 Summer St, New Bedford, MA 02740
- Sowle's of Mattapoisett — 249 ashley blvd, new bedford, ma 02746
- Sowle The Florist — 249 Ashley Blvd, New Bedford, MA 02746
- Abracadabra Florist & Gift Service — 1701 acushnet ave, new bedford, ma 02746
Frequently Asked Questions
What type of property is this?
Storefront property - A rear alley connection and separate customer and service access support a practical storefront layout.
Where is this storefront property located?
The property is located at 2301 Purchase Street Unit 4 New Bedford, MA.
What are key features of this property?
This property features: 1,800‑square‑foot storefront unit; Two entrances at the storefront; One bathroom
