Multi-Tenant Storefront
New
For Sale
$2,455,000
5 Dover St, New Bedford, MA 02740
Multi-tenant commercial space with 99% occupancy near downtown amenities, restaurants, services, and the working waterfront.
Property Size29,103 SF
Price / SF$84.36
Days on Market3
Property Features for 5 Dover St
General Information
Standard status
Active
Size
29,103 SF
Occupancy
99%
Additional Details
Cap Rate
7.17%
Building Details
Year Built
1903
Tenancy
Multi
Listing Agency:
RE/MAX Vantage
Listed By:
Donald Sylvia · License #451501447
(774) 263-1830
Source:
Alpernandmesenbourg
Added: Sep 9
Changed: Sep 10
Last Checked: Sep 10 at 2:36PM
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 RE/MAX Vantage
Investment Insights
Based on property information with market context.
This 29,103-square-foot storefront property is configured for multiple commercial occupants and dates to 1903. The building is 99% rented, with several tenants in place, and is associated with an approximately 7.17% cap rate based on seller-stated NOI.
The property is at 5 Dover St in historic downtown New Bedford, near the Port of New Bedford and the city’s waterfront business district. Downtown restaurants, services, amenities, and major routes are readily accessible from the site. Its location places the building within the South Coast’s working waterfront environment while retaining proximity to established downtown activity.
The property is at 5 Dover St in historic downtown New Bedford, near the Port of New Bedford and the city’s waterfront business district. Downtown restaurants, services, amenities, and major routes are readily accessible from the site. Its location places the building within the South Coast’s working waterfront environment while retaining proximity to established downtown activity.
Key Highlights
- 29,103‑square‑foot multi‑tenant storefront property
- 99% rented with multiple tenants in place
- Approximately 7.17% cap rate based on seller‑stated NOI
Property Analytics
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Current Use
Lease Details
99%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,017
Businesses Nearby
56k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Shops & Services 22%
Hotels & Casinos 12%
McDonald's
Dining
19,099 visits/mo
0.3 miles
KFC
Dining
14,064 visits/mo
0.3 miles
Bank of America
Shops & Services
11,555 visits/mo
0.1 miles
Fairfield Inn
Hotels & Casinos
5,110 visits/mo
0.2 miles
Dunkin' Donuts
Dining
3,457 visits/mo
0.2 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - Multi-tenant commercial space with 99% occupancy near downtown amenities, restaurants, services, and the working waterfront.
Where is this storefront 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: 29,103‑square‑foot multi‑tenant storefront property; 99% rented with multiple tenants in place; Approximately 7.17% cap rate based on seller‑stated NOI
