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    95-101 William St New Bedford, MA 02740

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    For Sale
    $1,299,000

    Historic granite building with endless possibilities in a busy area.

    Lot size:
    0.18 Acres

    Property Features for 95-101 William St

    General Information

    Lot size
    0.18 Acres

    Building Details

    Year built
    1915

    Source: Seaport Realty Agent Jeffrey Hathaway

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

    Overview

    Historic Landmark Building in Downtown

    This historic granite landmark building, originally the Merchant's Bank building and formerly Baycoast Bank and Oceana Restaurant, is located in downtown New Bedford. The building is in immaculate condition, showcasing priceless and irreplaceable interior details. Currently configured as a bank, the wide-open floor plan includes a mezzanine level overlooking the lobby, multiple offices, a break room, and four half baths. A drive-thru is also featured. The property presents endless possibilities for mixed-use development, including a night club, restaurant, event space, office space, or brewery. The owner will entertain lease options. Situated in a busy area near City Hall, the Post Office, MA State Office Space, Bristol County CC, and the UMASS Dartmouth CBPA Star Store Campus, the building offers convenient access to Rt. 140 and I-195. It is also convenient to the SRTA bus terminal, public parking, and approximately 1 mile from the planned MBTA New Bedford Station.
    Location Intelligence

    Current Use by Public Records

    Banks

    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
    -70.9262854
    Latitude
    41.635614

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    FAQs

    What type of property is this?
    Bank - Historic granite building with endless possibilities in a busy area.
    Where is this bank located?
    The property is located at 95-101 William St New Bedford, MA.
    What is the asking price?
    The asking price for this property is $1,299,000.
    What are key features of this property?
    This property features: - Historic Landmark Building: Original Merchant's Bank building in immaculate condition with priceless, irreplaceable interior detail.; - Prime Downtown Location: Close to City Hall, Post Office, colleges, and future MBTA station.; - Mixed-Use Potential: Suitable for a night club, restaurant, event space, office space, or brewery.
    (617) 755-5333
    Request Owner's contact information
    95-101 William St New Bedford, MA 02740
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    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
    95-101 William St New Bedford, MA 02740
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