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6-Acre Waterfront Development Opportunity 11 Cove St 206,994 SF Industrial Building New Bedford, MA 02744 $16,742,400 CAD ($80.88 CAD/SF)



INVESTMENT HIGHLIGHTS
- Beautiful 6-acre waterfront property with potential for a custom residential building, or a unique historic mill conversion project.
- Prime location near Route 6, which swiftly connects to Downtown Bedford in five minutes as well as several local amenities.
- New Bedford sits between Providence and Cape Cod, offering strategic proximity to major markets while maintaining its own identity.
- Opportunity to develop one of the last water-facing parcels located next to the entrance of the Harbor Walk, a scenic path atop the hurricane barrier.
- Located in a vibrant and scenic setting with a variety of nearby dining, shopping, and leisure options.
EXECUTIVE SUMMARY
11 Cove Street presents a rare and remarkable waterfront development opportunity in the heart of New Bedford.
This 6-acre property, once home to a historic textile mill, features a striking 206,994 square foot brick structure built in 1909. With four soaring stories and enduring architectural character, the building stands as a proud reminder of New Bedford’s rich industrial past and offers a compelling opportunity for adaptive reuse or new residential development.
Perfectly positioned behind the city’s hurricane barrier, the site captures sweeping harbor views and is one of the last expansive, water-facing parcels available in New Bedford. The location offers more than just scenery. It sits beside the entrance to the Harbor Walk, a picturesque coastal path ideal for sunset strolls. Nearby, Cisco Brewery draws visitors year-round with its vibrant blend of food, music, and community. A public boat ramp provides direct access to the water, and with daily South Coast Rail service now connecting New Bedford to Boston, the site is more accessible than ever.
New Bedford offers investors and developers a compelling coastal backdrop with strong regional connectivity. Nestled between Cape Cod and Providence, the city is well situated near major metros, including Boston, while maintaining its own authentic New England charm. The vibrant working waterfront is a defining feature of the town. New Bedford blends walkable streets with a mix of local boutiques, restaurants, and entertainment options, creating a dynamic community feel. National retailers such as Stop & Shop, Planet Fitness, and McDonald’s also serve the area, offering convenience and brand familiarity to residents. With its historic character, coastal appeal, and increasing accessibility, New Bedford stands out as a city full of opportunity.
This 6-acre property, once home to a historic textile mill, features a striking 206,994 square foot brick structure built in 1909. With four soaring stories and enduring architectural character, the building stands as a proud reminder of New Bedford’s rich industrial past and offers a compelling opportunity for adaptive reuse or new residential development.
Perfectly positioned behind the city’s hurricane barrier, the site captures sweeping harbor views and is one of the last expansive, water-facing parcels available in New Bedford. The location offers more than just scenery. It sits beside the entrance to the Harbor Walk, a picturesque coastal path ideal for sunset strolls. Nearby, Cisco Brewery draws visitors year-round with its vibrant blend of food, music, and community. A public boat ramp provides direct access to the water, and with daily South Coast Rail service now connecting New Bedford to Boston, the site is more accessible than ever.
New Bedford offers investors and developers a compelling coastal backdrop with strong regional connectivity. Nestled between Cape Cod and Providence, the city is well situated near major metros, including Boston, while maintaining its own authentic New England charm. The vibrant working waterfront is a defining feature of the town. New Bedford blends walkable streets with a mix of local boutiques, restaurants, and entertainment options, creating a dynamic community feel. National retailers such as Stop & Shop, Planet Fitness, and McDonald’s also serve the area, offering convenience and brand familiarity to residents. With its historic character, coastal appeal, and increasing accessibility, New Bedford stands out as a city full of opportunity.
PROPERTY FACTS
| Price | $16,742,400 CAD | Rentable Building Area | 206,994 SF |
| Price Per SF | $80.88 CAD | No. Stories | 4 |
| Sale Type | Investment or Owner User | Year Built | 1909 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 5 |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 6.02 AC | ||
| Zoning | 1INB - Industrial B | ||
| Price | $16,742,400 CAD |
| Price Per SF | $80.88 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 6.02 AC |
| Rentable Building Area | 206,994 SF |
| No. Stories | 4 |
| Year Built | 1909 |
| Tenancy | Single |
| No. Dock-High Doors/Loading | 5 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | 1INB - Industrial B |
AMENITIES
- Waterfront
UTILITIES
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Walk Score®
Very Walkable (76)
DEMOGRAPHICS
REGIONAL ACCESSIBILITY
CITY
POPULATION
MILES
DRIVE TIME
Boston
694,583
57
1 h 16 m
New York
8,398,748
207
4 h 33 m
Philadelphia
1,584,138
303
6 h 21 m
Baltimore
602,495
400
8 h 15 m
Washington
702,455
435
9 h 2 m
Virginia Beach
450,189
559
11 h 57 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
181,230
Total Labor Force
91,493
Unemployment Rate
3.88%
Median Household Income
$67,802
Warehouse Employees
13,429
High School Education Or Higher
83.80%
$ values in USD
PROPERTY TAXES
| Parcel Number | NEWB-000021-000000-000047 | Improvements Assessment | $2,448,203 CAD |
| Land Assessment | $604,292 CAD | Total Assessment | $3,052,495 CAD |
PROPERTY TAXES
Parcel Number
NEWB-000021-000000-000047
Land Assessment
$604,292 CAD
Improvements Assessment
$2,448,203 CAD
Total Assessment
$3,052,495 CAD
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6-Acre Waterfront Development Opportunity | 11 Cove St
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