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.
This listing has been viewed 55 times in the past 74 days
Last Updated: October 14th, 2024 at 4:28am
No
General Information for 41-43 William St, New Bedford, Massachusetts 02740
Property TypeCommercial Sale
Price$1,575,000
MLS #73264375
List Date2024-07-14
Special Listing ConditionsNo
StateMassachusetts
Street NameWilliam St
Unit
CityNew Bedford
Zip Code02740
CountyBristol
MLS Status
AssociationNo
Heat Zones
Sold Date
Building Area Total
Building Area Units0
Close Date
Close Price$0
Listing Service
UnparsedAddress41-43 William St, New Bedford MA 02740
Zoning
Zoning DescriptionLegal Conforming
Business TypeNo
Interior Features for 41-43 William St, New Bedford, Massachusetts 02740
* Approx. Living Area Total0 sq ft
MLS Area (Major)Center
OffMarketDate
Exterior Features for 41-43 William St, New Bedford, Massachusetts 02740
* Parking Spaces0
* Year Built1885
Year Built Details
Year Built Source
Construction MaterialsNo
Approx. Street Frontage
Utilities
Disclosures for 41-43 William St, New Bedford, Massachusetts 02740
Buyer Agent Compensation
Contingency
FinancingNo
Disclosures
Documents AvailableNo
MLSPIN_COMP_BASED_ON
MLSPIN_COOP_COMP
MLSPIN_DISCLOSURE
Lead PaintUnknown
Facilitator Compensation1
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 41-43 William St, New Bedford, Massachusetts 02740
Association Fee$0
Association Fee Frequency
Associaton Fee IncludesNo
AssociationNo
Assessed Value
Real Estate Tax$0
Tax Year
Existing Lease Type
OriginalListPrice$1,950,000
Lifestyle Information for 41-43 William St, New Bedford, Massachusetts 02740
Association AmenitiesNo
Frontage Type
GarageYNNo
Location information for 41-43 William St, New Bedford, Massachusetts 02740
Marketing History for 41-43 William St, New Bedford, Massachusetts 02740
MLSPIN_MARKET_TIME_BROKER
MLSPIN_MARKET_TIME_PROPERTY
PurchaseContractDate
Agent Information for 41-43 William St, New Bedford, Massachusetts 02740