NEW BEDFORD, MA – Coastal Commercial Real Estate is pleased to announce the successful Sale of the Commercial/Residential property located at 288-292 Union Street, New Bedford, MA.
The main level offers two finished storefronts with a combined retail space of 2,425 sq ft in size. The second level has two large, two-bedroom apartments.
This multi-use building was formerly owned by Jorgimar, LLC and previously occupied by Mary’s Steamburger and Perfumeria.
The property is part of Downtown New Bedford’s Opportunity Zone, a federally-established program to provide investment incentives for certain areas of New Bedford in an effort to encourage growth in our community.
The property was purchased by enthusiastic investors who see all that the city of New Bedford has to offer. Financing assistance has been provided by Webster Bank.
The Seller was represented by Lori A. Nery, CBR, LMS, GRI, Broker and Vice-President of Coastal Commercial Real Estate.