266 Dartmouth St

266 Dartmouth St , New Bedford, Massachusetts, 02740 | 4,743 sq.f | $ 550,000

Card image
Card image
Card image

About This Restaurant

Investment Highlights

Executive Summary

Most businesses you buy at their height of sales and fight to keep the consistency, this is the best opportunity you could hope for as a business owner! You not only have the opportunity to outfit and grow your own business but you also have the opportunity to improve the real property itself to gain equity in the property itself! This business has been a staple in New Bedford for decades and now just waiting for its new owner to capitalize on the opportunity at hand! It also comes with a full liquor license and 99 person occupancy. Newer stainless steel appliances in the full kitchen will make anyone's transition seamless!

Property Details

  • Sale Type    Investment or Owner User
  • Sale Condition    Business Value Included
  • Property Type    Retail
  • Property Subtype    Restaurant
  • Building Size    4,743
  • Building Class    C
  • Year Built    1899
  • Price    550,000
  • Price Per SF    116
  • Cap Rate    12.27
  • NOI    67,500
  • Business Value    400,000
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.89
  • Land Acres    0.12 AC

Amenities

  • Bus Line

Property Taxes

Parcel Number NEWB-000028-000000-000140 Improvements Assessment $100,200
Land Assessment $382,400 Total Assessment $482,600
Date Created: 2024-07-16 04:16:16 Last Updated: 2024-07-16 04:16:16
Address: 266 Dartmouth St , New Bedford, Massachusetts, 02740