95-101 William St

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.

• Sale Type    Investment or Owner User
• Sale Conditions    Build to Suit Build to Suit Lease Option Build to Suit
• Property Type    Retail
• Property Subtype    Bank Bank General Retail Bar General Retail Restaurant OfficeLoft Creative Space Bank
• Building Size    19,307
• Building Class    B
• Year Built    1910
• Price    1,399,000
• Price Per SF    72
• Percent Leased    13
• Tenancy    Multiple
• Building Height    2 Stories
• Building FAR    2.22
• Land Acres    0.20 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

• Bus Line