New Bedford, Massachusetts, is a prime location for investing in Retail Properties For Sale, with its rich history, cultural attractions, and strong economic sectors. As a hub for services, wholesale trade, and manufacturing, the city offers a diverse range of investment opportunities. Retail Properties, in particular, represent a lucrative investment option, providing a steady stream of income and potential for long-term appreciation in value. With a range of amenities, including the New Bedford Whaling National Historical Park, Buttonwood Park Zoo, and the Port of New Bedford, the city attracts a significant number of tourists and locals alike, making it an ideal location for retail businesses. Additionally, the city's infrastructure, including the New Bedford Regional Airport and major transportation facilities, ensures easy accessibility and connectivity. With a population of around 90,000, New Bedford offers a sizable market for retail businesses, and its proximity to major cities like Boston and Providence makes it an attractive location for investors. The city's unique blend of history, culture, and economic growth makes it an excellent choice for those looking to invest in Retail Properties.
New Bedford's Retail Properties For Sale offer a unique opportunity to tap into the city's growing economy. With 12 available listings, investors have a range of options to choose from. The average price per square foot is $164 USD, and the average size of these properties is 5,808 square feet, with the largest property spanning 19,307 square feet. The average cap rate for Retail Properties in New Bedford is. In addition to Retail Properties, the city also offers other types of properties, including Shopping Centers, which provide a range of retail spaces for businesses; Restaurants, which cater to the city's diverse culinary scene; Office Properties, which offer a range of spaces for businesses and professionals; and Hotels, which provide accommodations for tourists and travelers. With its unique blend of history, culture, and economic growth, New Bedford is an attractive location for investors looking to diversify their portfolios.
What is the average cap rate for retail properties in New Bedford?
When it comes to investing in retail properties in New Bedford, understanding the average cap rate is crucial. According to our current listings, the average cap rate for retail properties in New Bedford is , which can help investors gauge the potential return on investment - for a more in-depth understanding of this concept, check out our article on what is a cap rate.
How do location and foot traffic affect retail property values?
In New Bedford, Massachusetts, the location of a retail property plays a significant role in determining its value, with properties situated in high-traffic areas such as Downtown New Bedford, near the New Bedford Whaling Museum, or along major transportation routes like Interstate 195, U.S. Route 6, and MA Route 140, typically commanding higher prices due to their accessibility and visibility to potential customers.
Foot traffic, in particular, is a crucial factor, as retail properties with high foot traffic, such as those near popular tourist attractions like the Buttonwood Park Zoo or the New Bedford Harbor, tend to have higher property values due to the increased potential for sales and revenue, with the average price per square foot for retail properties in New Bedford being $164 USD and the average size being 5,808 square feet.
