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6-Acre Waterfront Development Opportunity 11 Cove St 206,994 SF Industrial Building New Bedford, MA 02744 $12,000,000 ($57.97/SF)



INVESTMENT HIGHLIGHTS
- Beautiful 6-acre waterfront property with potential for a custom residential building, or a unique historic mill conversion project.
- Downtown New Bedford a couple minutes away.
- Significant Development and Progress Downtown making
- Opportunity to develop one of the last water-facing parcels located next to the entrance of the Harbor Walk, a scenic path atop the hurricane barrier.
- Commuter Rail New Bedford to Boston, Newly Built, Just minutes away.
EXECUTIVE SUMMARY
This 6-acre property, once home to a historic textile mill, features a striking 206,994 square foot brick structure built in 1909. With four soaring stories and enduring architectural character, the building stands as a proud reminder of New Bedford’s rich industrial past and offers a compelling opportunity for adaptive reuse or new residential development.
Commuter Rail Access: New Bedford to Boston
New Bedford’s commuter rail service began operations in March 2025, creating a major new advantage for residents and renters alike. This expanded access gives people the ability to enjoy New Bedford’s value and lifestyle while maintaining a convenient commute to Boston when needed—especially ideal for today’s work-from-home and hybrid professionals. As hybrid commuting continues to evolve, New Bedford is well-positioned to benefit from this long-term trend.
A rare, large-scale waterfront development opportunity behind New Bedford’s hurricane barrier, offering panoramic harbor views and adjacency to key lifestyle amenities. The site sits beside the Harbor Walk and is walkable to Cisco Brewers, with a public boat ramp nearby for direct water access—features that elevate future residential demand and support housing positioning.
New Bedford offers investors and developers a compelling coastal backdrop with strong regional connectivity. Nestled between Cape Cod and Providence, the city is well situated near major metros, including Boston, while maintaining its own authentic New England charm. The vibrant working waterfront is a defining feature of the town. New Bedford blends walkable streets with a mix of local boutiques, restaurants, and entertainment options, creating a dynamic community feel. With its historic character, coastal appeal, and increasing accessibility, New Bedford stands out as a city full of opportunity.
Commuter Rail Access: New Bedford to Boston
New Bedford’s commuter rail service began operations in March 2025, creating a major new advantage for residents and renters alike. This expanded access gives people the ability to enjoy New Bedford’s value and lifestyle while maintaining a convenient commute to Boston when needed—especially ideal for today’s work-from-home and hybrid professionals. As hybrid commuting continues to evolve, New Bedford is well-positioned to benefit from this long-term trend.
A rare, large-scale waterfront development opportunity behind New Bedford’s hurricane barrier, offering panoramic harbor views and adjacency to key lifestyle amenities. The site sits beside the Harbor Walk and is walkable to Cisco Brewers, with a public boat ramp nearby for direct water access—features that elevate future residential demand and support housing positioning.
New Bedford offers investors and developers a compelling coastal backdrop with strong regional connectivity. Nestled between Cape Cod and Providence, the city is well situated near major metros, including Boston, while maintaining its own authentic New England charm. The vibrant working waterfront is a defining feature of the town. New Bedford blends walkable streets with a mix of local boutiques, restaurants, and entertainment options, creating a dynamic community feel. With its historic character, coastal appeal, and increasing accessibility, New Bedford stands out as a city full of opportunity.
PROPERTY FACTS
| Price | $12,000,000 | Rentable Building Area | 206,994 SF |
| Price Per SF | $57.97 | No. Stories | 4 |
| Sale Type | Investment or Owner User | Year Built | 1909 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 5 |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 6.02 AC | ||
| Zoning | 1INB - Industrial B | ||
| Price | $12,000,000 |
| Price Per SF | $57.97 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 6.02 AC |
| Rentable Building Area | 206,994 SF |
| No. Stories | 4 |
| Year Built | 1909 |
| Tenancy | Single |
| No. Dock-High Doors/Loading | 5 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | 1INB - Industrial B |
AMENITIES
- Waterfront
UTILITIES
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Walk Score®
Very Walkable (76)
DEMOGRAPHICS
REGIONAL ACCESSIBILITY
CITY
POPULATION
MILES
DRIVE TIME
Boston
694,583
57
1 h 16 m
New York
8,398,748
207
4 h 33 m
Philadelphia
1,584,138
303
6 h 21 m
Baltimore
602,495
400
8 h 15 m
Washington
702,455
435
9 h 2 m
Virginia Beach
450,189
559
11 h 57 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
181,230
Total Labor Force
91,493
Unemployment Rate
3.88%
Median Household Income
$67,802
Warehouse Employees
13,429
High School Education Or Higher
83.80%
PROPERTY TAXES
| Parcel Number | NEWB-000021-000000-000047 | Improvements Assessment | $1,743,300 |
| Land Assessment | $430,300 | Total Assessment | $2,173,600 |
PROPERTY TAXES
Parcel Number
NEWB-000021-000000-000047
Land Assessment
$430,300
Improvements Assessment
$1,743,300
Total Assessment
$2,173,600
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6-Acre Waterfront Development Opportunity | 11 Cove St
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