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888 Ashley Blvd

12,075 SF Retail Building New Bedford, MA 02745 £625,959 (£52/SF)

Investment Highlights

  • 6825 sq ft above ground
  • Mix Use Zoning - imagination is welcome
  • approximately 6000 sq ft in lower level
  • Great Land opportunities

Executive Summary

Discover an exceptional opportunity on a corner lot of this main New Bedford thoroughfare with this free-standing building. Spanning approximately 5,500 square feet, including a full basement, this versatile space was previously a Chinese buffet restaurant but holds potential for various uses such as retail or another restaurant concept. If the building does not appeal to you the lot offers a broad number of uses. Located in a prime spot, this property offers visibility, accessibility, and the chance to make your mark in the booming local economy. Being zoned MUB opens the door for a multi-family or a mixed-use scenario at a time of desperate need for housing in New Bedford. One site with multiple opportunities offering a wide array of descriptions at the height of New Bedford's rebirth is at a minimal worth further attention by astute investors and businesspeople.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Development Sale
Property Type
Retail
Property Subtype
Restaurant
Building Size
12,075 SF
Building Class
C
Year Built
1962
Price
£625,959
Price Per SF
£52
Tenancy
Single
Number of Floors
1
Building FAR
0.58
Land Acres
0.48 AC
Zoning
MUB - Mix Use Being zoned MUB opens the door for a multi-family or a mixed use scenario
Parking
35 Spaces (2.9 Spaces per 1,000 SF Leased)
Frontage
161 ft on Ashley Blvd

Amenities

  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
NEWB-000127C-000000-000134
Land Assessment
£252,966
Improvements Assessment
£333,089
Total Assessment
£586,055
  • Listing ID: 32308104

  • Date on Market: 01/07/2024

  • Last Updated:

  • Address: 888 Ashley Blvd, New Bedford, MA 02745

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