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    62 South St New Bedford, MA 02740

    Sponsored
    For Sale
    $899,900

    Prime New Bedford location, high potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property in New Bedford, Massachusetts, presents a unique investment opportunity. Located at 62 South Street, this 0.25-acre lot boasts a well-maintained two-family home and a separate commercial building. The residential portion comprises two units, each featuring two bedrooms and hardwood floors, with separate utilities and a shared driveway. One unit is currently owner-occupied, while the other is occupied by a tenant at will. The property also includes a readily-finishable third-floor space offering expansion potential for either residential or commercial use. The commercial building, situated on the same lot, is equipped with a newer roof, two bathrooms, a kitchen area, an office, and two additional rooms beyond the main area currently used as a church. Ample parking is available, accommodating 18-20 vehicles. This versatile property's substantial parking and adaptable spaces make it ideal for a variety of uses, including daycare, restaurant, office space, or warehouse. The asking price is $899,900. This property is situated in Bristol County, MA, zip code 02740. The property's location offers excellent access to local amenities and transportation networks. Don't miss this chance to acquire a high-return investment in a thriving New Bedford location.

    Property Features for 62 South St

    General Information

    Property type
    Land
    Lot Size
    10,890 SF

    HighLights

    • Exceptional mixed‑use property in New Bedford, MA, on a 0.25‑acre lot.
    • Features a well‑maintained two‑family home with two 2‑bedroom units, each with hardwood floors and separate utilities.
    • Includes a readily‑finishable third‑floor space offering expansion potential.
    • Separate commercial building with a newer roof, two bathrooms, kitchen, office, and two additional rooms (currently used as a church).
    • Ample parking for 18‑20 vehicles.
    • Asking price: $899,900.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -70.9230091
    Latitude
    41.6243576

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    FAQs

    What type of property is this?
    Land - Prime New Bedford location, high potential.
    Where is this land located?
    The property is located at 62 South St New Bedford, MA.
    What is the asking price?
    The asking price for this property is $899,900.
    What are key features of this property?
    This property features: Exceptional mixed-use property in New Bedford, MA, on a 0.25-acre lot.; Features a well-maintained two-family home with two 2-bedroom units, each with hardwood floors and separate utilities.; Includes a readily-finishable third-floor space offering expansion potential.
    Request Owner's contact information
    62 South 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
    62 South St New Bedford, MA 02740
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