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Property Facts

Price $5,000,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 2.78 AC
Opportunity Zone Yes
Zoning IB - Industrial/Business

1 Lot Available

Lot

Price $5,000,000
Price Per AC $1,798,561.15
Lot Size 2.78 AC

Description

ATTENTION all investors, hotel, developers & 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 "The property was previously approved for hotel development, with significant entitlement work completed, offering a strong foundation for a new developer to pursue the project.". 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 & a art community

Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
NEWB-000072-000000-000173
Land Assessment
$262,300
Improvements Assessment
$445,200
Total Assessment
$707,500
  • Listing ID: 41242418

  • Date on Market: 7/10/2026

  • Last Updated:

  • Address: 1 Pearl St, New Bedford, MA 02740

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