1 Welby Rd, New Bedford, MA 02745
- $1,350,000
- 4
- BA
- 10,120
- SqFt
- List Price
- $1,350,000
- Status
- ACTIVE
- MLS#
- 73549278
- Bathrooms
- 4
- Living Area
- 10,120
- Lot Size (Acres)
- 1.02
- Year Built
- 1972
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!
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Additional Information
- Area
- Far North
- Taxes
- $25,000
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Listing courtesy of Listing Agent: Lori A. Nery from Listing Office: Coastal Realty.
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