888 Ashley Blvd New Bedford, MA 02745-2406
- Turn key restaurants
- 6,825 SF
- 0.48 lot acres
Aug 02, 2022
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 Estimation
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CAP approach
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Comparable approach
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Alternative Use
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
