51 Libby St Brockton, MA 02302-2949
- Medical offices
- 912 SF
- 0.14 lot acres
Apr 15, 2025
Current Use by Public Records
- Thomas A. Morris, MD / Pulmonologist
- Thomas Alpheus Morris / Pulmonologist
Property Details for 51 Libby St
- Year built
- 1952
- Lot size
- 0.14 lot acres
- Property size
- 912 SF
- Zone code
- C5
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- BROC M:155 R:128 S:
- APU
- BROCM155R128S
Description
This exceptional 884-square-foot medical office building presents a unique investment opportunity in Brockton, Massachusetts. Located at 51 Libby Street, this single-story, Class C building boasts a convenient location on the campus of Brockton Hospital (Signature Healthcare), offering immediate access to a substantial patient base. Built in 1952, the property sits on a 6,124-square-foot lot and is zoned C5, allowing for a variety of potential uses. Currently vacant, this property is priced at $300,000, translating to $339.37 per square foot. The interior layout includes two exam rooms, a business office, an executive office, and a basement with its own exterior entrance, providing ample space for a clinician or behavioral health specialist. The building's single-unit structure simplifies management and ownership. This is an ideal opportunity for an owner-occupier or investor seeking a well-positioned medical office space in a thriving healthcare environment. The property's prime location and functional layout make it an attractive prospect for immediate occupancy or future rental income. The asking price represents a compelling value in the current market. Serious inquiries are encouraged.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $235,000
- ML approach
- $235,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $285,000
- 6.5%
- $265,000
- 7%
- $245,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $231,000
Market price range: $76.6k - $237k
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Location Insight
- Map
- Local Demand
- City
- Brockton
- County
- Plymouth
- State
- Massachusetts
- Longitude
- -70.9896
- Latitude
- 42.0882
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA