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    Versatile Commercial Building Near Hospital Title is generated by Realmo AI

    52-54 Brigham St, New Bedford, MA 02740

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    For Sale
    $1,600,000

    8,800 sq ft building ideal for medical or professional use.

    Type:Commercial
    Property size:
    8,800 SF
    Lot size:
    0.74 Acres
    Price / SF:
    $181/SF
    Added:
    Mar 10, 2026
    Days on Market:
    120
    Last Refresh:
    Jul 2 at 4:13 pm

    Property Features for 52-54 Brigham St

    General Information

    Standard status
    Active
    Size
    8,800 SF
    Lot size
    0.74 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1967

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    Elizabeth Silva
    Elizabeth Silva

    Listing office

    Listing date Mar 10, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Elizabeth Silva

    HighLights

    • Strategic location near St. Luke's Hospital/Southcoast Hospitals Group.
    • Large 8,800± sq ft one‑level building with flexible layout options.
    • Currently configured as individual business condo units, ideal for various professional uses.
    • Handicap‑accessible features and three means of egress.
    • Spacious on‑site parking lot plus deeded partial ownership of an additional lot on Farm St for overflow parking.
    • Basement for added storage.

    Overview

    This well-known 8,800± sq ft building is a single-level structure with a basement that provides additional storage space. Currently configured as individual business condo units, each unit includes private restrooms, exam/office rooms, reception areas, waiting areas, and kitchenettes. The property is suitable for wellness/spa, medical, legal, real estate, dental, chiropractic, or other professional uses. The existing condo setup has been in place for over 30 years, with documentation available. Alternatively, the space can be reconfigured into one large area. The building was formerly a pharmacy, and most of the interior walls are non-load bearing, allowing for a flexible layout. The single-level building includes handicap-accessible features and three means of egress, including a front entrance and two rear exits, leading to a spacious on-site parking lot. The property also includes deeded partial ownership of an additional lot on Farm St for overflow parking. The location is strategic, near St. Luke's Hospital/Southcoast Hospitals Group.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $211.2k $24.00
    − Vacancy −$33.8k −$3.84
    EGI $177.4k $20.16
    − OpEx −$44.4k −$5.04
    NOI $133.1k $15.12
    8,800 SF · lease $24.00/SF/yr · vacancy 16.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.90M
    $1.66M – $2.22M (±1% cap)
    NOI $133,056 @ 7.0% cap · market cap 8.32%
    Second Best
    Healthcare Medical
    $1.85M
    $1.62M – $2.16M (±1% cap)
    NOI $129,635 @ 7.0% cap · market cap 8.10%
    Theoretical Best
    Office A
    $2.59M
    $2.27M – $3.03M (±1% cap)
    NOI $181,632 @ 7.0% cap · market cap 11.35%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Parking Lot & Garage Real Estate Agency Restaurant Food Market Grocery & Convenience Store Computer & Electronic Repair Hotel & Motel Kitchen & Bath Showroom Tech Support Center Cafe & Coffee Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Bedford
    County
    Bristol
    State
    Massachusetts
    Longitude
    -70.940945
    Latitude
    41.6268952

    FAQs

    What type of property is this?
    Office units - 8,800 sq ft building ideal for medical or professional use.
    Where is this office units located?
    The property is located at 52-54 Brigham St New Bedford, MA.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: Strategic location near St. Luke's Hospital/Southcoast Hospitals Group.; Large 8,800± sq ft one‑level building with flexible layout options.; Currently configured as individual business condo units, ideal for various professional uses.
    More about this property
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