Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    56-62 N Water St New Bedford, MA 02740

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,500,000

    Historic office building in New Bedford's Historic District.

    Property size:
    5,288 SF
    Lot size:
    0.14 Acres

    Property Features for 56-62 N Water St

    General Information

    Size
    5,288 SF
    Lot size
    0.14 Acres

    Source: E. J. Pontiff Real Estate Agent Jeffrey Pontiff

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Iconic Historic Office Building For Sale

    This iconic historical property, known as the Double Bank Building, was built circa 1831. The property, currently arranged as office space, features high ceilings and large open areas trimmed in dark wood and etched glass. The layout allows for various uses, including retail and gallery space. External access to the lower level and second floor allows for tenanting. The property is located in the center of New Bedford's Historic District in the National Park, across from the New Bedford Whaling Museum, and is located in the Opportunity Zone. The building has a size of 5288 square feet.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Bedford
    County
    Bristol
    State
    Massachusetts
    Longitude
    -70.9227074
    Latitude
    41.6357315

    Nearby Similar for Sale

    • $575,000
      Pending

      Downtown New Bedford Mixed-Use Property

      Historic three-level property with flexible residential/commercial potential in revitalizing downtown.
      333 Union St, New Bedford, MA 02740
      View Details
    • $635,000
      3,385 SF

      New Bedford Three-Family Home

      Well-maintained three-family home with strong rental potential and updates.
      324 Cottage St, New Bedford, MA 02740
      View Details
    • $575,000
      Pending

      Historic Downtown New Bedford Commercial Property

      Versatile three-level property with flexible space and off-street parking.
      333 Union St, New Bedford, MA 02740
      View Details
    • $2,300,000
      30,996 SF

      Historic Downtown Commercial Building

      Renovated five-story building in downtown New Bedford.
      555 Pleasant St, New Bedford, MA 02740
      View Details
    • $549,999
      Pending

      Historic Bar/Restaurant in New Bedford

      Thriving bar/restaurant with residential development potential in New Bedford.
      266-268 Dartmouth St, New Bedford, MA 02740
      View Details
    • $730,000
      3,984 SF

      Spacious Four-Family Home Near Transit

      Four updated units, convenient location near Boston Commuter Rail.
      98 Beetle St, New Bedford, MA 02746
      View Details

    FAQs

    What type of property is this?
    Office building - Historic office building in New Bedford's Historic District.
    Where is this office building located?
    The property is located at 56-62 N Water St New Bedford, MA.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: - Iconic historical property (Double Bank Building, circa 1831) in New Bedford's Historic District; - Located in the National Park and across from the New Bedford Whaling Museum; - High ceilings and large open areas with dark wood and etched glass
    (508) 961-1671
    Request Owner's contact information
    56-62 N Water St New Bedford, MA 02740
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    56-62 N Water St
    New Bedford, MA 02740
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    56-62 N Water St New Bedford, MA 02740
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.