135 Grinnell St, New Bedford, MA 02740-5748
This exceptional commercial property, located at 135 Grinnell St in New Bedford, Massachusetts, presents a unique investment opportunity. The 5,690 square foot warehouse, built in 1958, sits on a 9,906 square foot lot and is zoned MUB. The single-story building features two dock-high doors and a lift, providing ample space for storage, distribution, or other industrial uses. The property also offers significant potential for mixed-use development, including retail or office space. The building's approximately 50 feet of street frontage is already divided into separate units, each with its own entrance. This high-visibility location in downtown New Bedford benefits from significant foot traffic and easy access to major transportation routes, including Routes 195, 140, and 6. The area is served by various public transportation options, including a bus terminal, the Seastreak Ferry, and a soon-to-be-completed commuter rail depot. The asking price is $375,000, translating to $65.91 per square foot. The seller is open to selling the building's contents separately or as a package deal. This property represents a compelling investment in a revitalizing New Bedford community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
MUB · New Bedford, MANew Bedford. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.