Property profile

0 Chaffee St New Bedford, MA 02745

OFF-MARKET
Land
1.56 ac lot
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Property summary

AI-generated overview

This exceptional 1.56-acre parcel presents a remarkable investment opportunity in New Bedford, Massachusetts. Located in the north end, this commercially and residentially zoned (RA/RB) property boasts high visibility and convenient access to major highways, situated just 1.3 miles from the Church Street MBTA Commuter Rail station. The versatile lot offers a multitude of development possibilities, including retail storefronts, apartment complexes, or even a bank. Given New Bedford's burgeoning offshore wind project and its projected economic growth, this land represents a strategic acquisition for investors seeking to capitalize on the city's revitalization. The seller is offering a $25,000 buyer credit at closing towards the cost of 21E. The property is located at 0 Chaffee St (SS), 0 Dutton St (SS), New Bedford, MA 02745, and buyers are responsible for conducting their own due diligence. This is a rare chance to secure a prime piece of real estate in a thriving Massachusetts city.

Property profile

Verified
Property type Land
Lot 1.56 ac (67,954 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Chaffee St New Bedford, MA 02745
New Bedford metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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