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Medical Office Suite with Treatment Rooms

2-2343 Purchase St, New Bedford, MA 02740

For Lease
$10 SF/Yr

Large therapy-style office suite with reception, waiting room, 14 treatment rooms, and multiple exits.

Space SizeContact for details
Days on Market158

Property Features for 2-2343 Purchase St

General Information

Standard status Active

Additional Details

Office Units 14

Taxes and HOA fees

Annual Taxes $999,999
Listing Agency: E. J. Pontiff Real Estate
Listed By: E. Jeffrey Pontiff · License MA #451500777
Source: Exprealty
Added: Jun 8 Changed: Nov 10 Last Checked: Nov 12 at 11:33AM

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 E. J. Pontiff Real Estate

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Investment Insights

Based on property information with market context.

Unit 2 offers a large 4,800SF office space previously used for therapy and treatment. The layout includes a reception area with a window, a large waiting room, and 14 office-sized treatment rooms, with one treatment room featuring a sink. A large conference room supports meetings and staff use. The space also includes three bathrooms, a locked storage area with a refrigerator, and a kitchen counter with cabinet area. There is one larger office with a closet, and the building provides three exits. In the back portion, the area is accessed up four stairs to a large open space that was previously configured with cubicles.

The property is located on Purchase Street and is part of a building that attaches to or abuts the New Bedford Ballet.

This configuration is well suited for medical or service-driven tenants needing multiple treatment or consultation rooms, along with dedicated reception and waiting space for clients. The combination of conference space, several restrooms, and secure storage can support day-to-day operations for a variety of healthcare and professional uses. The lease is $10/sf/year, with the tenant responsible for 27% of real estate taxes and all their own utilities.

Key Highlights

  • Unit 2 offers 4,800 SF of office/therapy‑style space on Purchase Street
  • Reception area with window plus a large waiting room
  • Includes 14 office‑sized treatment rooms, including one treatment room with a sink

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Computer & Electronic Repair (Bike/Boat/Book/etc) Store Parking Lot & Garage Carpet & Flooring Store Tech Support Center Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

14
Office units
NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

971
Businesses Nearby
Under-served
Demand for This Use

Demographics for 02740, MA

45,166
Population
20,532
Households
2.2
Avg Household Size
39
Median Age
18%
College-Educated
77%
High-School Grad
5.7 sq mi
ZIP Area
7,924
Density / Sq Mi
$54,563
Median Household Income
$39,310
Median Earnings
$1,052
Median Rent
$303,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for New Bedford, MA

$17.5 /SF/Yr
Avg Asking Price
$10–$20 /SF/Yr
Price Range
3,120 SF
Avg Space Size

This space is priced 43% below the average of $17.5 /SF/Yr.

Average Price Trend$/SF/Yr for Medical Office Space in Bristol County, MA

$17.13 Jul
$19.12 Aug
$26.6 Sep
$26.6 Oct

Properties on Market for Medical Office Space in Bristol County

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Medical Office Space - Large therapy-style office suite with reception, waiting room, 14 treatment rooms, and multiple exits.
Where is this medical office space located?
The property is located at 2-2343 Purchase St New Bedford, MA.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: Unit 2 offers 4,800 SF of office/therapy‑style space on Purchase Street; Reception area with window plus a large waiting room; Includes 14 office‑sized treatment rooms, including one treatment room with a sink
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