1061 Pleasant St - Medical FOR SALE


New Bedford, MA 02740- Downtown New Bedford
$2,500,000 USD
508-965-8683
1061 Pleasant St, New Bedford, MA for Sale
$2,500,000 USD
Medical - FOR SALE
1/26
null | Request Cap Rate

1061 Pleasant St
New Bedford, MA 02740
Downtown New Bedford


HIGHLIGHTS

  • Two blocks from MBTA Commuter Rail Station & New Pedestrian Bridge - Prime Opportunity for Multi-Family Development.

OVERVIEW

"Seller Financing Available": Incredible development opportunity a few short blocks from the upcoming MBTA Commuter Rail Station. 1061 Pleasant Street, the historic Russell-Howland House, an iconic opportunity in the heart of New Bedford, MA. Built in 1830, this distinguished property spans over 15,000 square feet of flexible space set on a generous 35,127 square foot lot. Massachusetts Historical Commission approval is in hand for transforming the existing structure into 13 residential units. Plans are available for an additional 22 residential units across two new additional structures. Conveniently located near Historic Downtown New Bedford, the working waterfront, & wind energy facilities, this is a rare opportunity for an ambitious developer to take over and finalize the project - creating highly sought after residential units as the city continues to in its exciting era of development further enhanced by the long awaited MBTA connection to Boston coming to fruition in March.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$165 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1830

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

RA

APN/PARCEL ID

NEWB-000065-000000-000133

ASK ABOUT THIS PROPERTY

Mathew ArrudaCompassMore Info
508-965-8683

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Mathew ArrudaCompassMore Info
508-965-8683

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.