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5 Dover St 29,103 SF 98% Leased Office Building New Bedford, MA 02740 $2,455,000 ($84.36/SF) 7.17% Cap Rate
Investment Highlights
- 29,103 SF multi-tenant commercial investment property in historic downtown New Bedford
- Minutes from the Port of New Bedford, America’s #1 fishing port.
- Located near downtown amenities, restaurants, services, cobblestone streets, and the working waterfront.
- Positioned at approximately a 7.17% cap rate based on seller-stated NOI from the June 2026 rent roll.
- Diverse tenant mix including professional, service, educational, and institutional-style tenants.
- Financial package available to serious, qualified investors upon request.
Executive Summary
Located in historic downtown New Bedford, near the city’s iconic cobblestone streets and just minutes from the Port of New Bedford, America’s #1 fishing port. This 99% rented multi-tenant commercial property offers a strong income producing opportunity in one of the South Coast’s most recognizable waterfront markets. The property features multiple tenants and is being positioned at approximately a 7.17% cap rate based on seller-stated NOI. Convenient access to downtown amenities, the working waterfront, restaurants, services, and major routes. Buyer and buyer’s agent to perform all due diligence and verify all financials, rents, leases, expenses, zoning, use, and property information.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
29,103 SF
Building Class
C
Year Built
1903
Price
$2,455,000
Price Per SF
$84.36
Cap Rate
7.17%
NOI
$176,024
Percent Leased
98%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
9,701 SF
Building FAR
2.71
Lot Size
0.25 AC
Opportunity Zone
Yes
Zoning
MUB - Legal Conforming
Parking
13 Spaces (0.45 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Wheelchair Accessible
- Drop Ceiling
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
4 rooms office in historic building in Downtown. Very close the new train terminal station. Walk 8 minutes to the sea cost. The office unit is at first floor, total 725 sqft. The office is in the good condition, with recently renovated, center air condition, elevator, and high ceiling. The office rent is $16.50 per square fleet annual, that is $996 monthly+ utility. Please call / test to Jackson by 508-579-8689, or email to songrock@msn.com
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 103 | 725 SF | Office | - | Now |
1st Fl-Ste 103
| Size |
| 725 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
1st Fl-Ste 103
| Size | 725 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
4 rooms office in historic building in Downtown. Very close the new train terminal station. Walk 8 minutes to the sea cost. The office unit is at first floor, total 725 sqft. The office is in the good condition, with recently renovated, center air condition, elevator, and high ceiling. The office rent is $16.50 per square fleet annual, that is $996 monthly+ utility. Please call / test to Jackson by 508-579-8689, or email to songrock@msn.com
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Exceptionally walkable
100/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | NEWB-000053-000000-000092 | Total Assessment | $1,294,700 |
| Land Assessment | $263,800 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,030,900 | Tax Year | 2025 |
Property Taxes
Parcel Number
NEWB-000053-000000-000092
Land Assessment
$263,800
Improvements Assessment
$1,030,900
Total Assessment
$1,294,700
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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