Multi-Tenant Office
For Sale
$2,455,000
5 Dover St, New Bedford, MA 02740
Well-occupied downtown office building in a walkable waterfront market with convenient access to major routes.
Property Size29,103 SF
Days on Market62
Property Features for 5 Dover St
General Information
Standard status
Active
Size
29,103 SF
Property subtype
Commercial
Occupancy
99%
Additional Details
Cap Rate
7.17%
Taxes and HOA fees
Annual Taxes
$35,399
Building Details
Building Size
29,103 SF
Year Built
1903
Tenancy
Multi
Listing Agency:
(774) 263-1830
Listed By:
Donald Sylvia · License #451501447
(774) 263-1830
Source:
Elliman
Added: Jun 20
Changed: Aug 14
Last Checked: Aug 20 at 8:52AM
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 Donald Sylvia
Investment Insights
Based on property information with market context.
This multi-tenant office building offers an income-generating setup with a stated 99% occupancy level. The property is positioned as a commercially rented asset with multiple tenants in place. As presented, buyer and buyer’s agent should perform full due diligence and verify all financials, rents, leases, expenses, zoning, use, and all other property information.
The asset is located in historic downtown New Bedford and is described as being near the city’s cobblestone streets. It is also presented as being just minutes from the Port of New Bedford, described as America’s #1 fishing port. Convenience to downtown amenities, the working waterfront, restaurants, services, and major routes is highlighted, and the property is associated with BikeScore 53, WalkScore 83, and TransitScore 32.
For investors and owner-users seeking a multi-tenant office property with existing leasing in place, the current tenant mix and high occupancy are key considerations. The location’s walkability and proximity to the waterfront and downtown services may support tenant access and day-to-day convenience. Prospective buyers should review leases and rent rolls carefully as part of the due diligence process before making a decision.
The asset is located in historic downtown New Bedford and is described as being near the city’s cobblestone streets. It is also presented as being just minutes from the Port of New Bedford, described as America’s #1 fishing port. Convenience to downtown amenities, the working waterfront, restaurants, services, and major routes is highlighted, and the property is associated with BikeScore 53, WalkScore 83, and TransitScore 32.
For investors and owner-users seeking a multi-tenant office property with existing leasing in place, the current tenant mix and high occupancy are key considerations. The location’s walkability and proximity to the waterfront and downtown services may support tenant access and day-to-day convenience. Prospective buyers should review leases and rent rolls carefully as part of the due diligence process before making a decision.
Key Highlights
- Multi‑tenant commercial property in historic downtown New Bedford, near cobblestone streets and minutes from the Port of New Bedford
- Year built: 1903
- 99% rented multi‑tenant setup
Property Analytics
Property Profile
Current Use
Lease Details
99%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,017
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Specialty property - Well-occupied downtown office building in a walkable waterfront market with convenient access to major routes.
Where is this specialty property located?
The property is located at 5 Dover St New Bedford, MA.
What is the asking price?
The asking price for this property is $2,455,000.
What are key features of this property?
This property features: Multi‑tenant commercial property in historic downtown New Bedford, near cobblestone streets and minutes from the Port of New Bedford; Year built: 1903; 99% rented multi‑tenant setup
