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    Property profile & analytics
    OFF-MARKET
    Retail space

    135 Grinnell St, New Bedford, MA 02740-5748

    5,690 SF 0.23 ac lot Built 1958
    Individually Owned 1-yr Hold Free & Clear
    Property ID
    US38-0695483
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1958
    Construction FRAME
    Total area 5,690 SF
    Lot 0.23 ac (9,906 SF)
    Zoning code MUB
    APN NEWB M:0036 L:0169
    UPID US38-0695483
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Armand Zussy · 1 yrs held
    Armand Zussy
    since 2024
    Last sale
    $80,000
    4 recorded transactions
    2024
    $240,000
    2023
    2004
    $55,000
    1998
    $80,000
    Zoning & alternative use
    MUB · New Bedford, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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