Commercial Sale at 2031 Purchase St, New Bedford MA 02740
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15 photos

$1,400,000

2031 Purchase St, New Bedford MA 02740
New Bedford, MA 02740
Listed by Maiyah Fleuriel
Bedrooms
N/A
Bathrooms
N/A
Living area
10,224 sqft
Year built
1910

About this home

Some buildings have history. This one has stories. Built in 1910, when New Bedford’s North End was a booming textile-mill district and streetcars ran from the car-barn down Purchase Street, this building spent decades as a neighborhood gathering place, with a past that includes a dance and banquet hall and a Polish bar and restaurant.Today the area is seeing major public investment. MassDOT is replacing the I-195 viaduct overPurchase Street, and MBTA commuter rail service between New Bedford and Boston that began in 2025. Brand new windows, updated electrical, brand new sump pump and full security system. Per seller, it is one of the only buildings in New Bedford framed with steel beams, and the City has indicated it can support expansion up to five stories (up to 12 units, and could be eligible for a grant towards low income housing, see concept design for details).Two stories (10,224 sq. ft. gross) on a 0.25-acre lot zoned MUB (Mixed Use Business). 20+ parking spaces. A blank canvas for residential, mixed-use, office or creative space, storage facilities, etc. subject to approvals. Billboard on the lot is separately owned and not included in the sale. All information, including square footage, parking, structural capacity, zoning, permitted uses and expansion potential, is not warranted. Buyer and buyer’s agent to perform all due diligence. Easy to show on lockbox.

Property details

MLS
MLS Property Information Network
MLS #
73590783
Property type
Commercial Sale
Subdivision
N/A
Status
Active
Days on market
6
On market date
October 14, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.25 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
Hayden/McFadden
0.12 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
663
Student:teacher ratio
11.6:1
District
New Bedford
Middle
Keith Middle School
1.12 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
HighCharter
Global Learning Charter Public School
0.45 mi away · Grades 5-12
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
504
Student:teacher ratio
11.5:1
District
Global Learning Charter Public (District)

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).

86
Highly walkable
out of 100
EPA National Walkability Index
15.2 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores17
Parks9
Schools15
Transit stops20
Pharmacies5

Market position

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

On the market 6 days -- 127 fewer days than New Bedford's current average of 133 days.
For reference, the median list price across 558 active listings in New Bedford right now is $439,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$8,581/mo
$280,000 down
$1,120,000 loan
Principal & interest$7,264
Property tax (est.)$1,167
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 3 days ago.

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.