Historic Downtown New Bedford Landmark building. The original Merchant's Bank building, former Baycoast Bank and prior Oceana Restaurant. This historic granite building in in immaculate condition inside and out. The detail on the inside is priceless and irreplaceable in today's building world. The building is currently set up as a bank. There are endless possibilities for this mixed use building, such as a night club, restaurant, event space, office space or brewery. Owner will entertain lease options. There is a drive-thru. Wide open floor plan with a mezzanine level that overlooks the lobby. Includes 4 half baths, break room, multiple offices. This landmark building sits in a busy area close to City Hall, Post Office, MA State Office Space, Bristol County CC & UMASS Dartmouth CBPA Star Store Campus. Easy access to Rt. 140 and I-195. Convenient to SRTA bus terminal, public parking and approximately 1 mile to the planned MBTA New Bedford Station.
Great Mixed-Use development opportunity. Bordering, BUT NOT IN, the National Park. Located within the Opportunity Zone. This property overlooks Custom House Square Park and Wing's Court. In the heart of New Bedford's Historic Downtown. Included in sale: 4 Story Brick Structure-currently assessed as 4 condo units & 2 Story Frame structure only. Both parcels are in need of re-development. Great opportunity for experienced developers! Extremely desirable location-Join the Downtown Renaissance.
The median home value in New Bedford, MA is $371,700. This is lower than the county median home value of $449,800. The national median home value is $338,100. The average price of homes sold in New Bedford, MA is $371,700. Approximately 36.55% of New Bedford homes are owned, compared to 56.99% rented, while 6.46% are vacant. New Bedford real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a New Bedford real estate agent to arrange a tour today!
New Bedford, Massachusetts 02740 has a population of 100,309. New Bedford 02740 is less family-centric than the surrounding county with 22.86% of the households containing married families with children. The county average for households married with children is 27.77%.
The median household income in New Bedford, Massachusetts 02740 is $50,581. The median household income for the surrounding county is $74,290 compared to the national median of $69,021. The median age of people living in New Bedford 02740 is 36.5 years.
The average high temperature in July is 81.9 degrees, with an average low temperature in January of 20.3 degrees. The average rainfall is approximately 50.6 inches per year, with 35.2 inches of snow per year.