New Bedford, MA – November, 2023– Tri Town Commercial Advisors proudly announces the sale of the former Santander Bank building at 909 Ashley Blvd in New Bedford, Massachusetts. The 2,500 square foot property was purchased by a local business owner, with Tri Town Commercial Advisors representing the buyer and Horvath & Tremblay representing the seller.
This acquisition marks a new chapter for the well-located property, which has stood as a Santander Bank branch for many years. The local business owner plans to bring a new business venture to the site, contributing to the economic vitality of the area and offering new services to the community.
“Eric Szczepkowski. Partner and Executive Vice President of Tri Town Commercial Advisors, stated, “This transaction is a great example of how adaptive reuse of former bank buildings can invigorate local business landscapes. We are excited to see the transformation the new owner will bring to 909 Ashley Blvd and are proud to have facilitated this acquisition.”
The property, prominently situated in a busy commercial corridor of New Bedford, offers excellent visibility and accessibility, making it an attractive location for various types of businesses. The new owner is enthusiastic about the potential to serve the New Bedford community and contribute positively to the area’s development.