Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The intent of this zone is to promote Mixed Use Business uses.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
MUB · New Bedford, MAThe intent of this zone is to promote Mixed Use Business uses.
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The intent of this zone is to promote Mixed Use Business uses.
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MUB in New Bedford, MA.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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