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1 Pearl 17,549 SF Industrial Building New Bedford, MA 02740 $5,000,000 ($284.92/SF)

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Investment Highlights

Next to MBTA and Mass-Coastal Rail Road
Close proximity to Rt18, I-195, Rt 24, and Rt 140

Prime Industrial Location

Executive Summary

ATTENTION all investors, HOTEL, HOUSING & RETAIL end users! This is a fully approved transit-oriented development (TOD) site that offers high visibility from Route 18! Here is your opportunity directly abutting the fully operating Railroad Depot. This is a 3.16-acre site ready to be developed. It is in walking distance to the operational train stop platform as well as the Port of New Bedford, Nantucket & Martha's Vineyard Sea Streak Ferry terminal. TODS benefit people, cities & the environment. This 3 + acre lot presents tremendous development potential for a hotel concept that has already been approved once. TOD development offers limited soft costs with zoning & height regulations all but waived. Buildings could have prime views of Historic New Bedford & Buzzards Bay. New Bedford is a unique seaport city with the largest commercial fishing port, a new transit system & countless amenities, major employers, academic institutions, beaches, harbor walks, shops, dining, museums & an art community

Property Facts

Price	$5,000,000	Rentable Building Area	17,549 SF
Price Per SF	$284.92	No. Stories	1
Sale Type	Investment or Owner User	Year Built	1920
Sale Condition	Redevelopment Project	Tenancy	Single
Property Type	Industrial	Parking Ratio	1.42/1,000 SF
Property Subtype	Warehouse Industrial Distribution Industrial Manufacturing Industrial Service	No. Dock-High Doors/Loading	6
Building Class	C	Cross Streets	ES Acushnet Ave
Lot Size	2.78 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	IB - TOD / Mixed-Use Development LAND

Price	$5,000,000
Price Per SF	$284.92
Sale Type	Investment or Owner User
Sale Condition	Redevelopment Project
Property Type	Industrial
Property Subtype	Warehouse Industrial Distribution Industrial Manufacturing Industrial Service
Building Class	C
Lot Size	2.78 AC
Rentable Building Area	17,549 SF
No. Stories	1
Year Built	1920
Tenancy	Single
Parking Ratio	1.42/1,000 SF
No. Dock-High Doors/Loading	6
Cross Streets	ES Acushnet Ave
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	IB - TOD / Mixed-Use Development LAND