42
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$1,350,000
Est. payment /mo
10,120 SqFt
Active
1 Welby Rd New Bedford, MA 02745
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,120 sqft
Price per Sqft $133
MLS Listing ID 73549278
HOA Y/N false
Year Built 1972
Annual Tax Amount $25,000
Tax Year 2026
Lot Size 1.020 Acres
Acres 1.02
Property Description
First Time Offered! Exceptional investment opportunity at 1 Welby Park! This impressive two-story brick professional office building offers 10,120 sq ft on 1.09 beautifully landscaped acres in a peaceful suburban setting just minutes from Downtown New Bedford,Route 140,Routes 24 & 495,the commuter rail station & New Bedford Regional Airport. The property features 6 fully leased professional office suites, including 3 long-term leased tenants & 4 tenant-at-will occupants, generating $164,000 in annual income. A 500 SF office becomes available August 1st, creating immediate leasing potential. Many tenants have invested in significant interior improvements & all pay their own utilities. Additional income is generated from highly visible signage on the Phillips Road corner. Amenities include 4 restrooms, handicap accessible lift & paved parking for approximately 65 vehicles. A rare turnkey investment with outstanding cash flow, excellent accessibility & a tranquil business setting!
Location
State MA
County Bristol
Area Far North
Zoning IA
Direction from Route 140 take Exit 6 then West onto Welby Road.
Exterior
Utilities Available Public Water, Public Sewer
Others
Senior Community false
Listed by Coastal Realty
NEARBY SCHOOL & BUSINESS
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