1155 Purchase StNew Bedford, MA 02740

Property Details for 1155 Purchase St

Year built

1979

Construction

STEEL FRAME

Lot size

0.38 AC

Property size (Sq ft)

5,288 SF

Zone code

MUB

Property type

Medical offices

Property subtype

Medical centers

APN

NEWB M:0059 L:0204

APU

NEWBM0059L0204

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,308,734

  6.5%

  $1,208,063

  7%

  $1,121,772

• Comparable approach

  Method

  Valuation

  Relative Method

  $690,930

  Geo Method

  $690,930

• Alternative Use

  Use

  Valuation

  Residential

  $1,497,998

  Hospitality

  $1,372,158

  Educational

  $1,141,619

  Medical

  $1,180,881

  Retail

  $1,775,852

Location Insight

City

New Bedford

County

Bristol

State

Massachusetts

Latitude

41.6404

Longitude

-70.9274

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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