Commercial Sale at 1 Pearl St & Es Acushnet Ave, New Bedford MA 02740
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$5,000,000

1 Pearl St & Es Acushnet Ave, New Bedford MA 02740
New Bedford, MA 02740
Listed by Noble Vincent
Bedrooms
N/A
Bathrooms
N/A
Living area
17,500 sqft
Year built
1920

About this home

ATTENTION all investors, hotel, developers & retail end users! This is a fully approved transit-oriented development (TOD) site that offers high visibility from Route 18 Here is your opportunity, directly abutting the fully operating Railroad Depot. This is a 3.16 acre site ready to be developed. It is in walking distance to the operational train stop platform as well as the Port of New Bedford, Nantucket & Martha's Vineyard Sea Streak Ferry terminal.TODS benefit people,cities & the environment. This 3 + acre lot presents tremendous development potential for a hotel concept "The property was previously approved for hotel development, with significant entitlement work completed, offering a strong foundation for a new developer to pursue the project." .TOD development offers limited soft costs with zoning & height regulations all but waived.Buildings could have prime views of Historic New Bedford & Buzzards Bay. New Bedford is a unique seaport city with the largest commercial fishing port ,a new transit system & countless ameneties, major employers, academic institutions, beaches, harbor walks,shops,dining, musems & a art community

Property details

MLS
MLS Property Information Network
MLS #
73547308
Property type
Commercial Sale
Subdivision
N/A
Status
Active
Days on market
112
On market date
July 9, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
3.16 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
John Avery Parker
0.29 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
226
Student:teacher ratio
11.3:1
District
New Bedford
Middle
Keith Middle School
1.21 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
938
Student:teacher ratio
10.8:1
District
New Bedford
High
Whaling City Junior/Senior High School
0.71 mi away · Grades 7-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
67
Student:teacher ratio
4.5:1
District
New Bedford

Walkability

Blended score for New Bedford's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

92
Highly walkable
out of 100
EPA National Walkability Index
17.2 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores9
Parks13
Schools16
Transit stops20
Pharmacies7

Market position

How this listing compares to current activity in New Bedford, from live MLS data.

On the market 112 days -- 23 fewer days than New Bedford's current average of 135 days.
For reference, the median list price across 577 active listings in New Bedford right now is $429,000.

Mortgage calculator

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Est. monthly payment
$30,261/mo
$1,000,000 down
$4,000,000 loan
Principal & interest$25,944
Property tax (est.)$4,167
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated July 31, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.