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    FOR LEASE
    Medical Office Space

    1155 Purchase St, New Bedford, MA 02740

    5,288 SF 0.38 ac lot Built 1979
    Entity Owned 21-yr Hold Free & Clear
    Property ID
    US38-0415693
    Property summary
    AI-generated overview

    This exceptional two-story, Class A office building, located at 1155 Purchase St, New Bedford, MA 02740, offers 5,328 square feet of space in a prime location. Built in 1979, the property features two suites, with a minimum divisible space of 2,500 square feet and a maximum contiguous space of 2,500 square feet. Currently, there is no vacant space. The building sits on a 0.38-acre lot and includes 15 parking spaces. The zoning is MUB, and the property enjoys convenient access to Route 18 and major highways. Ideal for medical or professional practices, this versatile space includes features such as eight exam rooms, a private office, a meeting room, a break room with kitchenette, an X-ray room, a reception area, a large waiting room, and two bathrooms. This is a unique opportunity to lease a stand-alone space in a desirable area of New Bedford. The cross street is Maxfield St.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1979
    Construction STEEL FRAME
    Total area 5,288 SF
    Lot 0.38 ac (16,496 SF)
    Zoning code MUB
    APN NEWB M:0059 L:0204
    UPID US38-0415693
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Southcoast Endodontics Dental Office
    • Katherine Lacoste Surprenant, DMD Dental Office
    • Dr. Roger R. Lacoste, DMD Dental Office
    • Dr. Mark E. Doherty, DMD Dental Office
    • Dr. Danielle L. Kilmartin, DMD Dental Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $455k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $570k
    Blend (final) Blend
    $510k
    Owner & transaction history
    Lacoste Family LP · 21 yrs held
    Lacoste Family LP
    since 2004
    2 recorded transactions
    2004
    $1
    1990
    Zoning & alternative use
    MUB · New Bedford, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $830,000 +5.6%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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