aisellshomes.space

$5,000,000

Active

1 Pearl St & ES Acushnet Ave

New Bedford, MA, 02740

Commercial · MLS #73547308

Days on market

8 days

Lot size

3.16 ac

3.16 acres

Lot

About this home

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

Property details

Parking
21+ Spaces

Listed by Noble Vincent · Coastal Realty

Schedule a showing

1 Pearl St & ES Acushnet Ave

By submitting you agree to be contacted by Antonio Illas.

Estimated payment

$32,788 / month

Down payment20% · $1,000,000
Interest rate6.66%

Loan term

Principal & interest
$25,705
Property tax
$5,000
Home insurance
$2,083

Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses 1.2% of price (MA average).

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