Rare opportunity to acquire a self-storage facility in New Bedford offering immediate income and substantial upside potential. This approximately 8,061 sq ft industrial building features 31 storage units with a mix of 6×6 and 10×15 units, on-site parking, and a half bath for operational convenience. Current gross annual income is approximately $49,200, with multiple vacant units providing an excellent opportunity to increase occupancy and boost cash flow. The property offers public water and sewer, gas heat, overhead garage doors, and a functional layout designed for efficient self-storage operations. Strategically located near downtown New Bedford, major roadways, residential neighborhoods, and local businesses, creating a strong customer base and long-term demand. Ideal for investors seeking a stable income-producing asset with significant value-add potential through lease-up and rent optimization.
- Disclosure:
- ALL UNITS WILL REMAIN AVAILABLE UNTIL ALL PAPERWORK HAS BEEN SIGNED AND ACCEPTED AND ALL MONIES ARE PAID IN FULL. TENANTS MUST MAKE 3X THE RENT AND HAVE GOOD CREDIT AND RENTAL REFERENCES. SUNROOM OFF KITCHEN-GREAT PLACE TO ENJOY MORNING COFFEE/TEA
- Tax Year:
- 2025
- Status:
- Active
- Zoning:
- RB
- Orig Price:
- $660,000
- Waterfront:
- No
- MlsStatus:
- New
- City:
- New Bedford
- State:
- MA
- County:
- Bristol
- Postal Code:
- 02740
- Longitude:
- W71° 3' 33.3''
- Latitude:
- N41° 37' 52.8''
Commercial Sale
87 Tremont Street, New Bedford, Massachusetts
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $660,000
- Square Footage :
- 8,061 Sqft
- Year Built :
- 1930
- Lot Area :
- 0.26 Acre
- Listing ID :
- 73542934
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com