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    343-357 Acushnet Ave New Bedford, MA 02740

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    For Sale
    $974,000

    Mixed-use development opportunity in historic downtown New Bedford.

    Property size:
    12,054 SF
    Lot size:
    0.05 Acres

    Property Features for 343-357 Acushnet Ave

    General Information

    Size
    12,054 SF
    Lot size
    0.05 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

    Mixed-Use Development Opportunity

    This mixed-use development opportunity is located in the heart of New Bedford's Historic Downtown, bordering, but not within, the National Park and located within the Opportunity Zone. The property overlooks Custom House Square Park and Wing's Court. Included in the sale are two parcels: a 4-story brick structure currently assessed as 4 condo units and a 2-story frame structure. Both parcels require redevelopment. The property has a size of 12054 square feet.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    New Bedford
    County
    Bristol
    State
    Massachusetts
    Longitude
    -70.9251636
    Latitude
    41.6347454

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use development opportunity in historic downtown New Bedford.
    Where is this mixed-use property located?
    The property is located at 343-357 Acushnet Ave New Bedford, MA.
    What is the asking price?
    The asking price for this property is $974,000.
    What are key features of this property?
    This property features: - Extremely desirable location in the heart of New Bedford's Historic Downtown, overlooking Custom House Square Park and Wing's Court.; - Mixed-use development opportunity within an Opportunity Zone.; - Bordering, but not in, the National Park.
    (508) 961-1671
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    343-357 Acushnet Ave New Bedford, MA 02740
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    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
    343-357 Acushnet Ave New Bedford, MA 02740
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