Established Restaurant and
For Sale
$1,200,000
85 Macarthur Dr, New Bedford, MA 02740
Commercial Sale, New Bedford, MA
Property Size2,856 SF
Lot Size0.63 Acres
Price / SF$420.17
Days on Market271
Property Features for 85 Macarthur Dr
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MUB
Zoning description
Legal Conforming
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
Directions
Please Use GPS
Standard status
Active
APN
M:0037 L:0323,2888484
Size
2,856 SF
Lot size
0.63 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10337
Building Details
Year built
1984
Listing Agency:
RE/MAX Vantage · RE/MAX International
(774) 992-0297
Listed By:
Eddie Lopez
(508) 999-4424
Added: Jan 26
Changed: Oct 19
Last Checked: Oct 24 at 10:06PM
MLS# 73471763
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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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, Massachusetts. The 2,856-square-foot property was built in 1984 and is equipped for restaurant and bar operations, with four bathrooms identified in the room schedule. The sale also includes the business and liquor license.
The parcel contains 0.63 acres and carries MUB zoning. The combined real estate and business format provides a single acquisition for an owner seeking an existing food-and-beverage operation with the physical property included.
The parcel contains 0.63 acres and carries MUB zoning. The combined real estate and business format provides a single acquisition for an owner seeking an existing food-and-beverage operation with the physical property included.
Key Highlights
- Operating restaurant business and underlying real estate offered together
- Liquor license included in the sale
- 2,856 square feet on a 0.63‑acre parcel
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
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
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
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
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Open Analytics
Current Use
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
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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Business and underlying property are included with restaurant equipment and a liquor license.
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 and underlying real estate offered together; Liquor license included in the sale; 2,856 square feet on a 0.63‑acre parcel
