Storefront Building with Office and
358 Court Street, New Bedford, MA 02740
For Sale
New
$225,000
A one-level layout pairs a carpeted front office with rear and lower-level storage.
Property Size1,050 SF
Lot Size0.05 Acres
Price / SF$214.29
Days on Market4
Property Features for 358 Court Street
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Utilities to Site
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
NE Real Estate Services
(401) 885-5400
Listed By:
Donna Lima-Johnson
(401) 301-0703
Source:
Clementsrealty
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 9 at 2:20PM
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 NE Real Estate Services
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Investment Insights
Based on property information with market context.
This 1,050-square-foot storefront building, constructed in 1914, has a one-level layout with a carpeted front office and shelving in the rear storage area. The exterior combines vertical board siding at the facade with vinyl siding elsewhere, and the roof is newer. A lower level provides additional storage. Building systems include oil-fired forced hot water baseboard heat and 200-amp electrical service.
The property occupies a 2,352-square-foot lot in New Bedford’s West End, with access to downtown amenities and major highways. Its RA, Legal Conforming zoning designation is stated for the site; alternative uses are subject to zoning approval.
The property occupies a 2,352-square-foot lot in New Bedford’s West End, with access to downtown amenities and major highways. Its RA, Legal Conforming zoning designation is stated for the site; alternative uses are subject to zoning approval.
Key Highlights
- 1,050‑square‑foot building on a 2,352‑square‑foot lot
- RA, Legal Conforming zoning
- Carpeted front office, rear shelving and lower‑level storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,200
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,000
$284.0K
Cap Rate 7%
$202,857
$202.9K
Cap Rate 9%
$157,778
$157.8K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$22.1K $21.00/SF
− Vacancy
−$1.8K −$1.68/SF
EGI
$20.3K $19.32/SF
− OpEx
−$6.1K −$5.80/SF
NOI
$14.2K $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%
$284,000
Cap Rate 7%
$202,857
Cap Rate 9%
$157,778
Alternative Uses
Best Use
Retail
$202.9K
$177.5K – $236.7K
NOI $14,200 @ 7.0% cap · market cap 6.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$309.6K
$270.9K – $361.2K
NOI $21,672 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,110
Businesses Nearby
53k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Dining 31%
Electronics 3%
Home Improvements & Furnishings 1%
Cumberland Farms
Shops & Services
14,442 visits/mo
0.3 miles
Dollar Tree
Shops & Services
9,827 visits/mo
0.3 miles
Speedway
Shops & Services
9,643 visits/mo
0.4 miles
SUBWAY
Dining
5,425 visits/mo
0.4 miles
Domino's Pizza
Dining
5,278 visits/mo
0.4 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
$303,400
Median Home Value
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Market
Average Price Trend$/SF for Storefront properties in New Bedford, MA
Properties on Market for Storefront properties in New Bedford
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Hawthorn Florist & Gift Shop — 87 Dartmouth St, New Bedford, MA 02740
- New Bedford Florist — 253 cottage st, new bedford, ma 02740
- Whaling City Florist — 564 County St, New Bedford, MA 02740
- Bloomtopia Flowers and gifts — 564 County St, New Bedford, MA 02740
Frequently Asked Questions
What type of property is this?
Storefront property - A one-level layout pairs a carpeted front office with rear and lower-level storage.
Where is this storefront property located?
The property is located at 358 Court Street New Bedford, MA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1,050‑square‑foot building on a 2,352‑square‑foot lot; RA, Legal Conforming zoning; Carpeted front office, rear shelving and lower‑level storage
