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$1,575,000
Est. payment /mo
2,613 Sqft Lot
UPDATED:
10/13/2024 07:05 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73264375
HOA Y/N false
Year Built 1885
Annual Tax Amount $28,055
Tax Year 2024
Lot Size 2,613 Sqft
Acres 0.06
Property Description
41-43 William Street "Freestones" is the heart of Downtown New Bedford. This iconic building and restaurant are located in the in close proximity to the Whaling National Park's Visitors Center and the world famous Whaling Museum. Additional economic drivers that will impact this site's performance in the near future include train/rail service to and from Boston, Offshore Wind Industry in the Port of New Bedford, and the New Bedford Waterfront Redevelopment Plan of State Pier. Historically, a high performing restaurant use has occupied the first floor and large 3 bedroom apartment on the second level compliments the hospitality use and the pro forma of the property ( a financial package is available for qualified buyers ). Since 2022 the property has undergone extensive renovations to include residential rehab of the apartment, new HC approved windows, plumbing, electrical, HVAC, Ansul system, flooring, tile, bar top/counters, FRP, kitchens, storage. This is an opportunity.
Location
State MA
County Bristol
Area Center
Zoning MUB
Direction 195 to Rt. 18 to DNB
Exterior
Utilities Available Public Water, Public Sewer
Others
Senior Community false
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Listed by Lanagan & Co