1 Welby Rd
$1,350,000
10,120
Sqft
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$1,350,000
10,120
Living Area
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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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Highlights
- Acres: 1
- Property Class: Commercial Sale
- Status: Active
- Area: Far North
- Year Built: 1972
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Additional Details
- Zoning: Ia
- Zoning Description: Legal Conforming
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Fees / Taxes
- Tax Year: 2026
- Taxes: $25,000
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Listing information provided courtesy of Coastal Realty.
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