2031 Purchase St, New Bedford MA 02740

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.