179 William St New Bedford, MA 02740-6021
- Office buildings
- 4,372 SF
- 0.15 lot acres
Current Use by Public Records
- Alves Law Group, P.C. / Legal Services / Real Estate Attorney
- Melissa Moço, Realtor / Real Estate Agent
- Lisa Ortiz-Capello Realtor / Real Estate Agency
- The Mathew J. Arruda Group / Real Estate Agency
- Nancy Brown Counseling (LICSW) / Social Worker / Practitioner Service Location
Property Details for 179 William St
- Year built
- 1870
- Construction
- FRAME
- Lot size
- 0.15 lot acres
- Property size
- 4,372 SF
- Zone code
- MUB
- Property type
- Office buildings
- APN
- NEWB M:0052 L:0197
- APU
- NEWBM0052L0197
Description
This stunning, newly remodeled executive office suite is available for lease in the heart of Historic Downtown New Bedford. Located on the first floor of a charming building at the corner of William and 8th Street, this 550 square foot space boasts its own separate entrance, offering both privacy and convenience. The building, constructed in 1870 and recently updated, features central air conditioning, beautifully refinished hardwood floors, and brand new windows, ensuring a comfortable and modern work environment. A significant upgrade includes new signage, enhancing visibility and professional appeal. The property also includes one off-street parking space, a valuable asset in this desirable location. A shared, beautifully appointed conference room is available for tenant use. This exceptional location places you within easy walking distance of key city services, including the Probate/Family Court, Register of Deeds, City Hall, District Court, and the Downtown Bus Station. The entire building encompasses 6,534 square feet, situated on a 0.15-acre lot (APN: M:0052 L:0197 2891909). This is a rare opportunity to secure a prestigious and well-appointed office space in a highly sought-after area. The single-tenant occupancy ensures a peaceful and productive work environment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $475,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $390,000
- 6.5%
- $405,000
- 7%
- $340,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $370,000
- Geo Method
- $325,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $380,000
- Retail
- $365,000
- Mixed-Use
- $390,000
- Hospitality
- $330,000
- Educational
- $290,000
- Residential Income
- $400,000
- Energy
- $375,000
- Income-Based Land
- $340,000
- Food Service
- $300,000
Location Insight
- Map
- Local Demand
- City
- New Bedford
- County
- Bristol
- State
- Massachusetts
- Longitude
- -70.9296
- Latitude
- 41.6353
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA