Price Reduced 19.23%

$1,575,000

Est. Mortgage $7,656/mo *

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41-43 William St, New Bedford, (Center), MA, 02740

41-43 William St, New Bedford, (Center), MA, 02740
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1885

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.

Status:

Active

Town:

New Bedford

Type:

Commercial

Zoning:

MUB

Acreage:

0.06

Est. Taxes:

$28,055

Utilities

Public Water, Public Sewer

MLS #:

73264375

Facilitator Compensation:

1

Community Info

School Info

Walk Score

Mass Transit

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Listing courtesy of Jason P. Lanagan, Lanagan & Co Phone: 617-848-1240