Mixed-Use Income Producing Property | 736 Ashley Blvd
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Mixed-Use Income Producing Property 736 Ashley Blvd
5,952 SF 100% Leased Retail Building New Bedford, MA 02745 £869,011 (£146/SF)
Investment Highlights
- North End of New Bedford
- 3 units for multi use property
- Heavy traffic
Executive Summary
Exciting Investment and Income generating opportunity (real estate only, not business) at 736 Ashley Blvd in New Bedford, MA. It is a mixed-use building featuring a spacious restaurant and two residential apartments. The restaurant occupies over 5,000 square feet and includes outdoor seating, a beautifully designed bar with exceptional lighting, and a sophisticated yet inviting atmosphere. The two apartments provide additional rental income opportunities.According to public records, the building was constructed in 1947 and sits on a 0.49-acre lot. The total building area is approximately 8,025 square feet.There is a current business operating within the building is not included in the sale. This offering presents a unique opportunity to acquire a well-maintained property with established rental income and a prime location in New Bedford.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,952 SF
Building Class
B
Year Built
1947
Price
£869,011
Price Per SF
£146
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.28
Land Acres
0.49 AC
Zoning
MUB - Mixed-Use Business
Parking
40 Spaces (6.72 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
Walk Score ®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | NEWB-000126-000000-000065 | Improvements Assessment | £397,375 |
| Land Assessment | £226,891 | Total Assessment | £624,266 |
PROPERTY TAXES
Parcel Number
NEWB-000126-000000-000065
Land Assessment
£226,891
Improvements Assessment
£397,375
Total Assessment
£624,266
-
Patricia Mcardle -
Bold Real Estate
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Mixed-Use Income Producing Property | 736 Ashley Blvd
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