Building Details

Building Size 2,856 SF

Year Built 1984

Listing Agency: RE/MAX Vantage Show Phone

Listed By: Team ROSO Show Phone

Source: Churchillprop

Added: Jan 26 Changed: Oct 6 Last Checked: Oct 19 at 4:58AM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

The offering combines an operating restaurant business with its underlying real estate at 85 Macarthur Dr in New Bedford. Restaurant and bar equipment are included, along with the business and liquor license, creating a consolidated operating and property acquisition.

Built in 1984, the property is zoned MUB. The restaurant has served the New Bedford community for over 20 years, and the sale includes the established business rather than the real estate alone.

Key Highlights

• Operating restaurant business included with the real estate
• Liquor license conveys with the sale
• Restaurant and bar equipment included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$42,797

Cap Rate

3.57%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$855,940 $855.9K

Cap Rate 7%

$611,386 $611.4K

Cap Rate 9%

$475,522 $475.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,856 SF

Gross rent

$61.7K $21.60/SF

− Vacancy

−$4.6K −$1.62/SF

EGI

$57.1K $19.98/SF

− OpEx

−$14.3K −$5.00/SF

NOI

$42.8K $14.99/SF

Area

New Bedford, MA

Vacancy

7.50%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$855,940

Cap Rate 7%

$611,386

Cap Rate 9%

$475,522

Alternative Uses

Best Use

Specialty Retail

$611.4K

$535.0K – $713.3K (±1% cap)

NOI $42,797 @ 7.0% cap · market cap 3.57%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$842.1K

$736.9K – $982.5K (±1% cap)

NOI $58,948 @ 7.0% cap · market cap 4.91%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Knuckle Heads Bar & Pub

Suggested Use

Top Pick Real Estate Agency Building Supply Auto Parts Store Kitchen & Bath Showroom Spa & Massage Center HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Yes

Liquor license

Location Intelligence

Trade Area within ½ mile

963

Businesses Nearby

32k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 54% Dining 28% Hotels & Casinos 16% Shops & Services 1%

Price Rite Groceries

17,468 visits/mo 0.0 miles

Dunkin' Donuts Dining

6,939 visits/mo 0.2 miles

Fairfield Inn Hotels & Casinos

5,110 visits/mo 0.5 miles

Honey Dew Donuts Dining

2,208 visits/mo 0.1 miles

Maaco Shops & Services

443 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

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Similar For Sale Nearby

See more

Equipped Conventional Restaurant

1608 Acushnet Ave, New Bedford, MA 02746

$579,000

4,000 SF

View details

Four-Unit Restaurant Property

1613-1621 Acushnet Ave, New Bedford, MA 02746

$899,999

8,232 SF

View details

Historic Mixed-Use Building

555 Pleasant St, New Bedford, MA 02740

$2,100,000

30,996 SF

View details

Leased Restaurant Property with Apartments

114-116 County Street, New Bedford, MA 02744

$1,750,000

0.14 Acres

View details

Established Restaurant with Outdoor Seating

958 Ashley Blvd, New Bedford, MA 02745

$625,000

View details

Restaurant Building

850 County St, New Bedford, MA 02740

Contact for pricing

View details

New Bedford Four-Unit Property

191 Bonney Street, New Bedford, MA 02740

$689,900

2,732 SF

View details

Mixed-Use Property with Salon

66 Rockdale Ave, New Bedford, MA 02740

$519,900

2,934 SF

View details

Renovated Two-Family Home with Parking

62-64 North St, New Bedford, MA 02740

$640,000

2,657 SF

View details

Duplex with Private Decks

6 Sears, New Bedford, MA 02740

$629,000

2,632 SF

View details

Quadplex with Finished Basement Unit

106 Richmond St, New Bedford, MA 02740

$849,000

View details

Updated Quadplex with Attic Space

392-394 Shaw St, New Bedford, MA 02745

$789,999

3,372 SF

View details

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Operating business, liquor license, and restaurant equipment convey with the real estate.

Where is this conventional restaurant located?

The property is located at 85 Macarthur Dr New Bedford, MA.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Operating restaurant business included with the real estate; Liquor license conveys with the sale; Restaurant and bar equipment included