Turn-Key Two-Unit Retail
For Sale
$549,500
597 Dartmouth St # AB, Dartmouth, MA 02748
Renovated two-unit storefront property with an in-place tenant and a vacant unit for owner use or leasing.
Property Size1,650 SF
Price / SF$333.03
Days on Market270
Property Features for 597 Dartmouth St # AB
General Information
Standard status
Active
Size
1,650 SF
Property subtype
Commercial
Zoning
BCMU
Occupancy
50%
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$4,361
Building Details
Building Size
1,650 SF
Year Built
1950
Tenancy
Multi
Listing Agency:
Coastal Realty
(508) 990-4280
Listed By:
Lori A. Nery · License #451501061
(508) 736-2387
Source:
Churchillprop
Added: Jan 13
Changed: Oct 6
Last Checked: Oct 9 at 5:11PM
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 Coastal Realty
Investment Insights
Based on property information with market context.
This turn-key two-unit commercial storefront has been recently renovated and is ready for immediate occupancy. The property includes two separate commercial units, with one established tenant generating $21,000 in annual rent and the second unit delivered vacant. Interior improvements include fresh paint, updated lighting, floor leveling, restroom updates, and a common sink area. Mechanical and related updates cited include an oil tank, a furnace expansion tank, and water shut-off valves. Tenant buildout features include new interior rooms, laundry hookups, lighting, exit signs, and a 240V outlet.
Located in the heart of Bliss Corner on a highly visible corner lot, the building is positioned in a thriving commercial district with strong exposure and accessibility. The two independent units offer flexibility for retail, professional services, or other business uses.
For tenants, the vacant unit can support an owner-occupant or an operator looking to move in with modernized finishes and storefront-ready buildout items. For investors or buyers, the existing in-place tenant provides current income while the second unit remains available to lease. Recent exterior updates include siding, downspouts, and gutters, helping round out the turn-key presentation and reduce near-term maintenance concerns.
Located in the heart of Bliss Corner on a highly visible corner lot, the building is positioned in a thriving commercial district with strong exposure and accessibility. The two independent units offer flexibility for retail, professional services, or other business uses.
For tenants, the vacant unit can support an owner-occupant or an operator looking to move in with modernized finishes and storefront-ready buildout items. For investors or buyers, the existing in-place tenant provides current income while the second unit remains available to lease. Recent exterior updates include siding, downspouts, and gutters, helping round out the turn-key presentation and reduce near-term maintenance concerns.
Key Highlights
- Renovated 2‑unit commercial storefront property with 1 in‑place tenant and the 2nd unit delivered vacant
- Established tenant generates $21,000 annual rent
- Corner lot in a thriving commercial district with high visibility and accessibility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,888
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$677,760
$677.8K
Cap Rate 7%
$484,114
$484.1K
Cap Rate 9%
$376,533
$376.5K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$49.5K $30.00/SF
− Vacancy
−$1.1K −$0.66/SF
EGI
$48.4K $29.34/SF
− OpEx
−$14.5K −$8.80/SF
NOI
$33.9K $20.54/SF
Area
Bristol County, MA
Vacancy
2.20%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$677,760
Cap Rate 7%
$484,114
Cap Rate 9%
$376,533
Alternative Uses
Best Use
Retail
$484.1K
$423.6K – $564.8K
NOI $33,888 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.00M
$879.2K – $1.17M
NOI $70,338 @ 7.0% cap · market cap 12.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
50%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
502
Businesses Nearby
52k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Dining 17%
Home Improvements & Furnishings 13%
Cumberland Farms
Shops & Services
20,046 visits/mo
0.4 miles
Dunkin' Donuts
Dining
8,858 visits/mo
0.1 miles
Dollar General
Shops & Services
8,021 visits/mo
0.5 miles
Dartmouth Ace Hardware
Home Improvements & Furnishings
6,849 visits/mo
0.3 miles
Citizens Bank
Shops & Services
4,395 visits/mo
0.1 miles
Demographics for 02748, MA
11,888
Population
5,409
Households
2.2
Avg Household Size
52
Median Age
45%
College-Educated
89%
High-School Grad
23.2 sq mi
ZIP Area
512
Density / Sq Mi
$105,455
Median Household Income
$53,268
Median Earnings
$1,362
Median Rent
$482,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Debbie's Flowers — 20 Vieira Ct, Dartmouth, MA 02748
- Stop & Shop Florist — 438 Dartmouth St, New Bedford, MA 02740
- The Green Thumb — 294 Rockdale Ave, New Bedford, MA 02740
Frequently Asked Questions
What type of property is this?
Storefront property - Renovated two-unit storefront property with an in-place tenant and a vacant unit for owner use or leasing.
Where is this storefront property located?
The property is located at 597 Dartmouth St # AB Dartmouth, MA.
What is the asking price?
The asking price for this property is $549,500.
What are key features of this property?
This property features: Renovated 2‑unit commercial storefront property with 1 in‑place tenant and the 2nd unit delivered vacant; Established tenant generates $21,000 annual rent; Corner lot in a thriving commercial district with high visibility and accessibility
