SQUARE FEET10,120
MLS#73549278
STATUSActive
PROPERTY TYPECommercial - Office
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!
Property Features
Property Type: Commercial - Office
Lot Size: 1.02 Acres
Taxes: $25,000
Year Built: 1972
Feature Descriptions
Building Area Total: 10120
Business Type: Professional/Office
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 8
Frontage: 262.00
Parcel Number: M:0132E L:0004,2907872
Rental Term: Monthly
Utilities: Public Water, Public Sewer
Listed By / Shown By
Listed By
Agency Name: Coastal Realty
Agent Name: Lori A. Nery
Agency Phone: 508-990-4280
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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1 Welby Rd | MLS# 73549278
This commercial property located at 1 Welby Rd, New Bedford, MA 02745 is currently listed for sale with an asking price of $1,350,000. Search New Bedford real estate on www.masiellogrouprealestate.com today.