Storefront Property with Loft
770 County St, New Bedford, MA 02740
For Sale
$335,000
Mixed-use storefront with open interior space, side access, rear parking, and a half bathroom.
Property Size1,948 SF
Days on Market60
Property Features for 770 County St
General Information
Standard status
Size
Zoning
Lease Term
Building Details
Building Size
Year Built
Listing Agency:
IVerty Realty, LLC
Listed By:
Mela Dieujuste · License MA #452508574
(413) 786-0584
Source:
Iverty
Added: Sep 16
Changed: Nov 12
Last Checked: Nov 12 at 8:37AM
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 IVerty Realty, LLC
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Investment Insights
Based on property information with market context.
This storefront property was built in 1948 and is currently identified for general retail use within a Mixed Use Business (MUB) designation. The interior includes an open area, a half bathroom with sink and toilet, side access, and storage space in an upstairs loft. The basement is a crawl space.
A small rear lot provides parking, and the property uses a shared driveway. The existing business is operational and is not included in the sale; access and inquiries should be coordinated without entering the premises or interrupting staff. Any conversion to residential use or another business category would require confirmation with the City. The property is sold as-is, with buyer due diligence required.
A small rear lot provides parking, and the property uses a shared driveway. The existing business is operational and is not included in the sale; access and inquiries should be coordinated without entering the premises or interrupting staff. Any conversion to residential use or another business category would require confirmation with the City. The property is sold as-is, with buyer due diligence required.
Key Highlights
- Mixed Use Business (MUB) zoning designation
- 1948 construction with an upstairs loft storage area
- Open interior area with a half bathroom, sink, and toilet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,345
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$526,900
$526.9K
Cap Rate 7%
$376,357
$376.4K
Cap Rate 9%
$292,722
$292.7K
Market Conditions
NOI Build-Up for 1,948 SF
Gross rent
$40.9K $21.00/SF
− Vacancy
−$3.3K −$1.68/SF
EGI
$37.6K $19.32/SF
− OpEx
−$11.3K −$5.80/SF
NOI
$26.3K $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%
$526,900
Cap Rate 7%
$376,357
Cap Rate 9%
$292,722
Alternative Uses
Best Use
Retail
$376.4K
$329.3K – $439.1K
NOI $26,345 @ 7.0% cap · market cap 7.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$574.4K
$502.6K – $670.1K
NOI $40,207 @ 7.0% cap · market cap 12.00%
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
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
708
Businesses Nearby
11k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 89%
Shops & Services 7%
Apparel 5%
Dunkin' Donuts
Dining
9,470 visits/mo
0.2 miles
Safelite AutoGlass
Shops & Services
717 visits/mo
0.5 miles
CW Price
Apparel
508 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
$303,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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
- 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
- Bloomtopia Flowers and gifts — 376 Summer St, New Bedford, MA 02740
Frequently Asked Questions
What type of property is this?
Storefront property - Mixed-use storefront with open interior space, side access, rear parking, and a half bathroom.
Where is this storefront property located?
The property is located at 770 County St New Bedford, MA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Mixed Use Business (MUB) zoning designation; 1948 construction with an upstairs loft storage area; Open interior area with a half bathroom, sink, and toilet
