1510 Padanaram Ave New Bedford MA 02740 | MLS #73572981

WATERFRONT REDEVELOPMENT OPPORTUNITY — NOW OFFERED AT $495,000! Discover the potential of this distinctive New Bedford waterfront property featuring approximately 9,500 SF of land, an existing masonry commercial building, private beach access and outstanding water views. Currently configured as an unfinished shell, the property offers a unique opportunity for investors, developers and business owners to create a space tailored to their vision. Features include two large loading-door openings, three-phase electrical power, public water and sewer, newer energy-efficient windows, a spacious upper level with exceptional views and a paved parking area. Explore possibilities ranging from marine-related businesses and commercial owner-occupancy to office, mixed-use or residential redevelopment, including a potential waterfront condominium concept, subject to zoning and required approvals. Existing residential homes directly across the street and adjacent to the property add an interesting dimension to its redevelopment potential. Possible future dock installation, subject to permitting. An opportunity to acquire waterfront real estate with substantial value-add potential at an attractive new price!