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    376 Nash Rd New Bedford, MA 02746

    Sponsored
    For Sale
    $3,995,000

    63,272 SF Flex, Cold Storage, Warehouse

    Property size:
    63,272 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 63,272 square foot industrial property in New Bedford, Massachusetts, presents a lucrative investment opportunity. The building, situated on a 3.8-acre site, boasts a diverse layout encompassing 17,000 square feet of cold storage warehouse space with 32-foot ceilings, and 46,272 square feet of flexible office and warehouse space. The property features two loading docks, six dock-high doors, and ample shared parking. Currently 100% leased, this mixed-use facility benefits from a 20-year solar carport lease with a 2% annual increase, offering additional revenue potential. The property's IB zoning allows for a variety of uses. Its strategic location is approximately one mile from the New Bedford Fishing Docks, 30.8 miles from Providence, RI, and 55.4 miles from Boston, MA, with convenient access to Interstate I-195 and Route 140. The asking price is $3,995,000, representing an attractive 8.73% cap rate. This is a rare opportunity to acquire a high-performing, multi-faceted industrial property in a prime location. The property includes two levels and is zoned IB (Industrial B). Additional revenue potential exists from the parking area.

    Property Features for 376 Nash Rd

    General Information

    Property type
    Refrigerated & Cold Storages
    Square Feet
    63,272 SF

    Building Details

    Buildings
    1
    Stories
    2

    HighLights

    • 63,272 SF industrial property in New Bedford, MA on a 3.8‑acre lot.
    • Features 17,000 SF of cold storage (32' ceilings) and 46,272 SF of flexible office/warehouse space.
    • Includes two loading docks, six dock‑high doors, and ample parking.
    • Currently 100% leased with a 20‑year solar carport lease (2% annual increase).
    • IB zoning; located ~1 mile from New Bedford Fishing Docks, ~30.8 miles from Providence, RI, and ~55.4 miles from Boston, MA; easy I‑195 & Route 140 access.
    • Asking price: $3,995,000 (8.73% cap rate).
    Property Profile Location Intelligence

    Current Use by Public Records

    Costa's Tang Soo ... Karate School Gandara Center Mental Health Service FamousFoods.Com Food Products Supplier Anchor Medical Group ... Addiction Treatment Center Luzo Food Services Caterer

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Bedford
    County
    Bristol
    State
    Massachusetts
    Longitude
    -70.936223
    Latitude
    41.6651109

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    FAQs

    What type of property is this?
    Refrigerated / Cold Storage - 63,272 SF Flex, Cold Storage, Warehouse
    Where is this refrigerated / cold storage located?
    The property is located at 376 Nash Rd New Bedford, MA.
    What is the asking price?
    The asking price for this property is $3,995,000.
    What are key features of this property?
    This property features: 63,272 SF industrial property in New Bedford, MA on a 3.8-acre lot.; Features 17,000 SF of cold storage (32' ceilings) and 46,272 SF of flexible office/warehouse space.; Includes two loading docks, six dock-high doors, and ample parking.
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    New Bedford, MA 02746
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    376 Nash Rd New Bedford, MA 02746
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