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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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1 Welby Rd , New Bedford, MA 02745
$1,350,000
Est. Payment: $3,000.00/mo
0 Bed
4 Bath
10120 Sqft
Status: Active | Days on site: 65
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NB1609 - FR000674
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House 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!

Highlights

Listed by Lori A. Nery , 508-736-2387 Coastal Realty , 508-990-4280.

Property Type

Commercial Sale

Lot/Acreage
1.02

Year Built

1972

County

Bristol

Area

Far North

Listing ID

73549278

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:4
  • Full Bathrooms:

Exterior Features

Zoning:Legal Conforming
Principal Interest
$3,000
Taxes
$2,083

Home Price

$1,350,000

Loan Details

30 yrs
%

Down Payment

20%
$270,000
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Monthly Price:
$3,000.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,000.00 $2,083.33 $0.00 $5,083.33
Yearly $36,000.00 $25,000.00 $0.00 $61,000.00
Total $1,080,000.00 $750,000.00 $0.00 $1,830,000.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (New Bedford, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.