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$ 5,000,000
Est. payment | /mo
17,500 SqFt
$ 5,000,000
Est. payment | /mo
17,500 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 17,500 sqft
Price per Sqft $285
MLS Listing ID 73547308
HOA Y/N false
Year Built 1920
Annual Tax Amount $22,724
Tax Year 2024
Lot Size 3.160 Acres
Acres 3.16
Property Description
ATTENTION all investors, hotel, developers & retail end users! This is a fully approved transit-oriented development (TOD) site that offers high visibility from Route 18 Here is your opportunity, directly abutting the fully operating Railroad Depot. This is a 3.16 acre site ready to be developed. It is in walking distance to the operational train stop platform as well as the Port of New Bedford, Nantucket & Martha's Vineyard Sea Streak Ferry terminal.TODS benefit people,cities & the environment. This 3 + acre lot presents tremendous development potential for a hotel concept "The property was previously approved for hotel development, with significant entitlement work completed, offering a strong foundation for a new developer to pursue the project." .TOD development offers limited soft costs with zoning & height regulations all but waived.Buildings could have prime views of Historic New Bedford & Buzzards Bay. New Bedford is a unique seaport city with the largest commercial fishing port ,a new transit system & countless ameneties, major employers, academic institutions, beaches, harbor walks,shops,dining, musems & a art community
Location
State MA
County Bristol
Area Center
Zoning IB
Direction corner of Acushnet Ave & Pearl St, next to Greater New Bedford Career Center
Exterior
Utilities Available Public Water, Public Sewer
Roof Type Asphalt/Composition Shingles
Others
Senior Community false
Listed by Coastal Realty