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95-101 William St

19,307 SF 13% Leased Retail Building New Bedford, MA 02740 $1,300,000 ($67/SF)

Investment Highlights

  • The original Merchant's Bank in New Bedford, Massachusetts

Executive Summary

The original Merchants bank in Downtown New Bedford, MA. It was built in 1825. Historic Downtown New Bedford Landmark building. Most recently used as BayCoast Bank and prior to that, It was a high end restaurant called "Oceana". This historic granite building is in immaculate condition inside and out. There four large vaults in this bank. Original lighting fixtures. Original gold medallion in the floor. The detail on the inside is priceless and irreplaceable in today's building world. The building is currently set up as a Bank. There are endless possibilities for this mixed use building, such as a night club, restaurant, event space, office space or brewery. Owner will entertain lease options. There is a drive-thru. Wide open floor plan with a mezzanine level that overlooks the lobby. Includes 4 half baths, break room, multiple offices. This landmark building sits in a busy area close to City Hall, Post Office, MA State Office Space, Bristol County CC & UMASS Dartmouth CBPA Star Store Campus. Easy access to Rt. 140 and I-195. Convenient to SRTA bus terminal, public parking and approximately 1 mile to the planned MBTA New Bedford Station. This building sits in an opportunity zone.

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
Build to Suit
Property Type
Retail
Property Subtype
Bank
Building Size
19,307 SF
Building Class
B
Year Built
1910
Price
$1,300,000
Price Per SF
$67
Percent Leased
13%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.22
Land Acres
0.20 AC
Opportunity Zone
Yes
Zoning
1BUS
Parking
12 Spaces (0.71 Spaces per 1,000 SF Leased)
Frontage
61 FT on Mechanics Ln

Amenities

  • Bus Line

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • Basement
  • 7,000 SF
  • Office/Retail
  • -
  • Now
  • 1st Floor
  • 7,200 SF
  • Office/Retail
  • -
  • Now
  • 2nd Floor
  • 2,600 SF
  • Office/Retail
  • -
  • Now
Space Size Space Use Position Available
Basement 7,000 SF Office/Retail - Now
1st Floor 7,200 SF Office/Retail - Now
2nd Floor 2,600 SF Office/Retail - Now

Basement

Size
7,000 SF
Space Use
Office/Retail
Position
-
Available
Now

1st Floor

Size
7,200 SF
Space Use
Office/Retail
Position
-
Available
Now

2nd Floor

Size
2,600 SF
Space Use
Office/Retail
Position
-
Available
Now
Walk Score ®
Walker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
NEWB-000052-000000-000231
Land Assessment
$194,400
Improvements Assessment
$1,407,200
Total Assessment
$1,601,600
  • Listing ID: 25825649

  • Date on Market: 6/1/2022

  • Last Updated:

  • Address: 95-101 William St, New Bedford, MA 02740

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