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2147 Acushnet Ave 2,150 sq ft Vacant Retail Property New Bedford, MA 02745 £501,100 (£233.07/sq ft) 6.20% Net Initial Yield
INVESTMENT HIGHLIGHTS
- National Brand Neighbors
- Everything is new
- Heavy auto traffic
EXECUTIVE SUMMARY
Extremely visible auto service garage sat between 4 national brands on the same block. CVS, Santander Bank, Family Dollar & KFC are the immediate neighbors here. Auto traffic passing by is very strong and all those eyes fall on the illuminated pylon for this business. The entire property has been overhauled. New electric infrastructure and 200 amp panel, new roof, new walls & paint, two new bathrooms, two new drive in doors 10-'8' each, new LED lighting and new storefront. Two full size auto lifts and **state inspection machine** to convey with the sale. The lots has parking for probably 40 cars without obstructing the doors and pedestrian entrances. The lot once had a license for 20 cars for sale, but that license has expired. Connected water and sewer. Clean 21E. 12'4" ceilings in office. 13' to roof, 11'8" to bottom of steel trusses. Call anytime for more information.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
PROPERTY FACTS
Sale Type
Investment or Owner Occupier
Property Type
Retail
Property Subtype
Property Size
2,150 sq ft
Costar Property Class
B
Year Built
1955
Price
£501,100
Price per sq ft
£233.07
Yield
6.20%
NOI
£31,068
Occupancy Rate
Vacant
Tenancy
Multiple
Number of Floors
1
Loading Docks
2 Exterior
Plot ratio
0.21
Total Plot Size
0.23 ac
Use Class
MUB - Mixed Use Business District (MUB)
Parking
15 Spaces (6.97 Spaces per 1,000 sq ft Leased)
Frontage
145 ft on Acushnet Ave
AMENITIES
- Pylon Sign
- Security System
- Signage
- Air Conditioning
Walk Score®
Easily Walkable (84)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | NEWB-000119-000000-000224 | Improvements Assessment | £117,740 |
| Land Assessment | £176,387 | Total Assessment | £294,127 |
PROPERTY TAXES
Parcel Number
NEWB-000119-000000-000224
Land Assessment
£176,387
Improvements Assessment
£117,740
Total Assessment
£294,127
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2147 Acushnet Ave
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