01/10/2026
- The large medical building known as Highland Place at 1151 Robeson Street in Fall River has been listed FOR SALE. In October of 2025, Obstetrical Associates Inc., closed its 3,000 square foot practice on the second floor of the building.
In November of 2024, Highland Urgent Care, opened its doors inside the lower level of the Highland Place building, formerly the Highland School. Stephen Gagliardi, a primary care physician, bought the building in 2013 and completed work on it in December 2016 and also operates the Urgent Care Center.
The listing for the property states the following:
Zeustra Healthcare Real Estate(“Zeustra”) is pleased to present the exclusive opportunity to acquire 1151 Robeson Street, a 26,780-square-foot, multi-tenant medical office building located in Fall River, Massachusetts. The property is predominantly leased to a diversified mix of outpatient medical tenants, including urgent care, diagnostic, specialty, and ancillary healthcare users that serve the surrounding community. Lease structures are triplenet (NNN), providing investors with predictable cash flow, limited management intensity, and exposure to necessity-based healthcare demand.
The asset currently generates approximately $518,000 in annual Net Operating Income, supported by stable in-place rents that reflect long-standing tenant relationships and consistent local utilization. The property includes approximately 3,000 square feet of vacant space, presenting an immediate and tangible opportunity for a new owner to enhance cash flow through lease-up at market rents. This built-in upside allows an investor to capture value through hands-on asset management without taking on development or operational risk.
Strategically positioned within an established and densely populated medical corridor, 1151 Robeson Street benefits from strong surrounding demographics, a broad insured patient base, and steady demand for outpatient medical services in Greater Fall River and Southeast Massachusetts. The property’s location and tenant mix make it particularly well-suited for a local or regional investor seeking durable income today with a clear path to incremental NOI growth. With stabilized cash flow, NNN lease structures, and near-term value creation, 1151 Robeson Street offers a compelling opportunity to acquire a well-located medical office asset with downside protection and meaningful upside potential.
https://www.loopnet.com/Listing/1151-Robeson-St-Fall-River-MA/39017460/