868 Ashley Blvd New Bedford, MA 02745-2404
- Office buildings
- 1,435 SF
- 0.14 lot acres
Current Use by Public Records
- Gushue Law / Attorney
- Norton & Associates Inc / Medical Center
- House of Angels / Store
Property Details for 868 Ashley Blvd
- Year built
- 1950
- Construction
- FRAME
- Lot size
- 0.14 lot acres
- Property size
- 1,435 SF
- Zone code
- MUB
- Property type
- Office buildings
- APN
- NEWB M:0127-C L:0214
- APU
- NEWBM0127CL0214
Description
This exceptional two-story, 2,214 square foot office building presents a unique investment opportunity in New Bedford, MA. Built in 1950, this property sits on a 5,998 square foot lot and is zoned MUB, offering versatility for a range of uses. The building features a full bathroom, a kitchen ideal for client meetings or employee breaks, and elegant hardwood floors throughout. Sun-filled office spaces create a bright and productive work environment. The property also boasts attractive front and back yards, perfect for outdoor gatherings. Its high-visibility location on Ashley Boulevard ensures excellent exposure to potential clients and customers. The convenient location near Routes 195 and 140, along with proximity to schools, banks, supermarkets, and restaurants, makes this an exceptionally desirable location. This property is well-suited for owner-occupancy, offering a blend of commercial and potential residential uses. The asking price is $369,900. This is a turn-key opportunity not to be missed.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $320,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $255,000
- 6.5%
- $255,000
- 7%
- $250,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $230,000
- Geo Method
- $270,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $270,000
- Retail
- $315,000
- Mixed-Use
- $305,000
- Hospitality
- $300,000
- Educational
- $270,000
- Residential Income
- $275,000
- Energy
- $275,000
- Income-Based Land
- $265,000
- Food Service
- $245,000
Location Insight
- Map
- Local Demand
- City
- New Bedford
- County
- Bristol
- State
- Massachusetts
- Longitude
- -70.9339
- Latitude
- 41.684
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA