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!
| MLS # | 73549278 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1972 |
| Days On Site | 68 |
| Listing Provided By | Coastal Realty | Lori A. Nery |
| Bath(s) | 4 |
|---|---|
| SQ Feet | 10,120 |
| Zoning | IA |
| Acreage | 1.02 |
| Utilities | Public Water, Public Sewer |
|---|
| Tax Annual Amount | 25000 |
|---|---|
| Tax Year | 2026 |
| Senior Community Yes / No | No |
|---|
| State | MA |
|---|---|
| County | Bristol |
| City | New Bedford |
| Zip Code | 02745 |
| Area | Far North |
| Listing VS Median (in 02745) | |
Price: $1,350,000 low | high Med: $430,000 sqft: 10,120 low | high Med: 1,579 $ / sqft: $133 low | high Med: $272 On site: 68 low | high Med: 54 | |
| State | MA |
|---|---|
| County | Bristol |
| City | New Bedford |
| Zip Code | 02745 |
| Area | Far North |
| Listing VS Median (in 02745) | |
Price: $1,350,000 low | high Med: $430,000 sqft: 10,120 low | high Med: 1,579 $ / sqft: $133 low | high Med: $272 On site: 68 low | high Med: 54 | |