$1,400,000
About this home
Historic Downtown New Bedford Landmark building. The original Merchant's Bank building, former Baycoast Bank and prior Oceana Restaurant. This historic granite building in in immaculate condition inside and out. 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.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.
- Real estate (PITI + HOA + PMI)
- $11,153
- Utilities
- $965
- Transportation
- $132
- Other (entertainment)
- $157
Quick facts
Neighborhood — 02740
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 47,378 | 6,444,931 | 299,088,112 |
| Population Change Since1990 | -7.00% | 7.00% | 20.00% |
| Population Density | 9,026 | 786 | — |
| Male | 22,303 | 3,127,134 | 147,432,321 |
| Female | 25,029 | 3,317,797 | 151,655,844 |
| Never Married | 12,177 | 1,612,885 | 63,775,926 |
| Married | 15,888 | 2,586,314 | 123,120,365 |
| Separated | 2,572 | 247,857 | 12,639,686 |
| Widowed | 3,607 | 363,594 | 15,467,586 |
| Divorced | 4,382 | 436,888 | 23,075,029 |
| Number Of House Hold | 19,313 | 2,431,591 | 111,826,380 |
| Average House Hold Size | 2.38 | 2.56 | 2.60 |
| Medial Age | 37.32 | 37.25 | 35.46 |
| Median House Hold Income | $31,701 | $57,698 | $48,276 |
| Average House Hold Income | $41,189 | $75,023 | $63,629 |
| P C I | $17,613 | $29,196 | $24,529 |
| M D I | $28,302 | $48,105 | $41,133 |
| A T H E | $38,489 | $57,083 | $50,898 |
| S T R | 5.00% | 5.00% | — |
| W C J | 82.65% | 81.38% | 77.74% |
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
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Listing information last refreshed 1/7/2023. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.