888 Ashley Blvd New Bedford, MA 02745-2406
Property profile & analytics
888 Ashley Blvd New Bedford, MA 02745-2406
- Turn key restaurants
- 6,825 SF
- 0.48 lot acres
Property ID
US38-1576432
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Turn key restaurants
Property Details for 888 Ashley Blvd
- Year built
- 1962
- Construction
- STEEL FRAME
- Lot size
- 0.48 lot acres
- Property size
- 6,825 SF
- Zone code
- MUB
- Property type
- Turn key restaurants
- APN
- NEWB M:0127-C L:0134
- APU
- NEWBM0127CL0134
Description
This 12,075 square foot, single-story building situated on a 20,800 square foot lot at 888 Ashley Blvd, New Bedford, MA 02745 presents a unique investment opportunity. Currently vacant, the property offers significant redevelopment potential. Previously used as a restaurant, the building's versatile layout allows for various uses, including retail or another restaurant concept. The building includes a full basement, adding to its overall square footage. The property boasts 35 parking spaces and benefits from high visibility and accessibility on a main thoroughfare. Zoned MUB, the site allows for multi-family or mixed-use development, addressing the current housing demand in New Bedford. This prime corner lot presents a compelling opportunity for investors and business owners seeking to capitalize on New Bedford's revitalization. The asking price is $799,999, translating to $66.25 per square foot. Built in 1962, this property offers a chance to create a thriving business or residential development in a rapidly growing area. The substantial lot size and flexible zoning provide a multitude of options for future development. Don't miss this chance to acquire a key piece of New Bedford real estate.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $705,000
- ML approach
- $710,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $586,000
- AI Estimate
- $704,000
Market price range: $586k - $1.66MMarket price range: $704k - $1.57M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $1,040,000 Current use
- AUTO REPAIR, GARAGE
- $1,105,000 Change: +6% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $1,095,000 Change: +5% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,040,000 Change: +0% Conversion: Difficult
- RETAIL STORES
- $1,030,000 Change: -1% Conversion: Easy
- WAREHOUSE, STORAGE
- $905,000 Change: -13% Conversion: Difficult
- OFFICE BUILDING
- $895,000 Change: -14% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- New Bedford
- County
- Bristol
- State
- Massachusetts
- Longitude
- -70.9338
- Latitude
- 41.6845
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$18,695
$323,300
$425,700
$749,000
-
$0.00
$0.00
$0.00
