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2147 Acushnet Ave 2,150 SF Vacant Retail Building New Bedford, MA 02745 $942,246 CAD ($438.25 CAD/SF) 6.20% Cap Rate
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 (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| 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 (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,150 SF
Building Class
B
Year Built
1955
Price
$942,246 CAD
Price Per SF
$438.25 CAD
Cap Rate
6.20%
NOI
$58,419 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.21
Lot Size
0.23 AC
Zoning
MUB - Mixed Use Business District (MUB)
Parking
15 Spaces (6.97 Spaces per 1,000 SF Leased)
Frontage
145’ on Acushnet Ave
AMENITIES
- Pylon Sign
- Security System
- Signage
- Air Conditioning
Walk Score®
Very Walkable (84)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | NEWB-000119-000000-000224 | Improvements Assessment | $222,730 CAD |
| Land Assessment | $333,674 CAD | Total Assessment | $556,403 CAD |
PROPERTY TAXES
Parcel Number
NEWB-000119-000000-000224
Land Assessment
$333,674 CAD
Improvements Assessment
$222,730 CAD
Total Assessment
$556,403 CAD
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2147 Acushnet Ave
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