Seafood Processing
24 Washburn St, New Bedford, MA 02740
For Sale
$549,900
Industrial building with processing infrastructure, dock access, office space, and three-phase power in New Bedford’s IA district.
Property Size3,570 SF
Price / SF$154.03
Days on Market8
Property Features for 24 Washburn St
General Information
Standard status
Size
Zoning
Warehouse & Industrial
Dock-High Doors
Three-Phase Power
Cold Storage
Additional Details
Property Use
Building Details
Year Built
Buildings
Listing Agency:
Amaral & Associates RE
(508) 674-4972
Listed By:
Adam R. Amaral
(508) 725-2225
Source:
Lockandkeyre
Added: Oct 31
Changed: Nov 6
Last Checked: Nov 6 at 9:36AM
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 Amaral & Associates RE
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,570-square-foot manufacturing property in New Bedford is configured for seafood processing. The building includes two loading docks, office space overlooking the work area, a 24' × 40' cooler, three-phase power, and two working ice machines; a third machine is available. Built in 1986, the facility is in the IA district, where seafood processing or another zoning-permitted use may be suitable.
The property is at 24 Washburn St, just off the highway, providing convenient highway access.
The property is at 24 Washburn St, just off the highway, providing convenient highway access.
Key Highlights
- 3,570‑square‑foot manufacturing facility in the IA district
- Two loading docks and office space overlooking operations
- 24' × 40' cooler
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,140
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$702,800
$702.8K
Cap Rate 7%
$502,000
$502.0K
Cap Rate 9%
$390,444
$390.4K
Market Conditions
NOI Build-Up for 3,570 SF
Gross rent
$53.1K $14.88/SF
− Vacancy
−$2.9K −$0.82/SF
EGI
$50.2K $14.06/SF
− OpEx
−$15.1K −$4.22/SF
NOI
$35.1K $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%
$702,800
Cap Rate 7%
$502,000
Cap Rate 9%
$390,444
Alternative Uses
Best Use
Industrial
$502.0K
$439.3K – $585.7K
NOI $35,140 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$921.1K – $1.23M
NOI $73,685 @ 7.0% cap · market cap 13.40%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Dock-high doors
Location Intelligence
Trade Area within ½ mile
763
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial building with processing infrastructure, dock access, office space, and three-phase power in New Bedford’s IA district.
Where is this manufacturing property located?
The property is located at 24 Washburn St New Bedford, MA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 3,570‑square‑foot manufacturing facility in the IA district; Two loading docks and office space overlooking operations; 24' × 40' cooler
