1 Acushnet Ave, New Bedford, MA 02744 For Sale

ATTENTION all investors, HOTEL, HOUSING & 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 that has already been approved once. 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 amenities, major employers, academic institutions, beaches, harbor walks, shops, dining, museums & an art community