1061 Pleasant StNew Bedford, MA 02740

This exceptional mixed-use development opportunity in New Bedford, Massachusetts, presents a unique chance to capitalize on the city's revitalization. The property, located at 1061 Pleasant Street, encompasses a historic building, the Russell-Howland House, constructed in 1830, boasting over 15,619 square feet of adaptable space situated on a substantial 35,127 square foot lot. Massachusetts Historical Commission approval is already secured for the conversion of the existing structure into 13 residential units, with plans also available for an additional 22 residential units across two new buildings. This prime location offers proximity to the soon-to-open MBTA Commuter Rail Station (March opening), enhancing accessibility to Boston. The property's strategic placement near historic downtown New Bedford, the working waterfront, and wind energy facilities further underscores its investment potential. This is an unparalleled opportunity for developers to complete this project, creating highly desirable residential units within a thriving and rapidly developing urban environment. The asking price is $2,500,000. The property is zoned for commercial and multifamily use.