$1,299,000
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 MBTA New Bedford Station.
Property details
- MLS #
- 73465967
- Property type
- Commercial Sale
- Subdivision
- N/A
- Status
- Active
- Days on market
- 271
- On market date
- January 6, 2026
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.18 acres
Location
Get directions →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 (e.g. NC Dept. of Public Instruction, SC Report Card).
- Enrollment
- 607
- Student:teacher ratio
- 11.2:1
- District
- New Bedford
- Enrollment
- 938
- Student:teacher ratio
- 10.8:1
- District
- New Bedford
- 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).
Market position
How this listing compares to current activity in New Bedford, from live MLS data.
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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated February 11, 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.