Property profile

119 Coggeshall St New Bedford, MA 02746

OFF-MARKET
Medical Office Space
Property ID
US38-2049908
3,641 SF 1.13 ac lot Built 2014
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Riverside Landing is a retail shopping center of approximately 95,000 square feet located at 119 Coggeshall Street in New Bedford, Massachusetts, just off Exit 17 on Interstate 195 West along Coggeshall Road. The center is positioned to provide visibility from the highway and contains multiple tenant spaces totaling about 5,143 square feet of retail space at the subject address, within a mixed-use retail and service environment. Tenant and neighboring businesses include national and local retail and service uses such as Jersey Mike’s Subs, Baystate Bank, Bay State Physical Therapy, Snipes (apparel), Dentistry and Braces, Taco Bell, Popeyes, Great Clips, and out-parcel developments with AFC Urgent Care and McDonald’s adjacent to the center. The site includes a Market Basket grocery anchor as the sole grocer in the surrounding trade area.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2014
Construction FRAME
Total area 3,641 SF
Lot 1.13 ac (49,083 SF)
Zoning code MUB
APN NEWB M:0093 L:0261
UPID US38-2049908

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Physician
  • Physician

Location

119 Coggeshall St New Bedford, MA 02746-2443
New Bedford metro Census 651200 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.93M

Owner & transaction history

since 2021
Last sale
$6.2M
3 recorded transactions
2021
$6.2M
2013
Price N/A
2012
$1.1M

Zoning & alternative use

MUB · New Bedford, MA
Zoning description

The intent of this zone is to promote Mixed Use Business uses.

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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