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:
- 278 if owner occupied.
- Tax Year:
- 2025
- Status:
- Active
- Zoning:
- RB
- Orig Price:
- $660,000
- Waterfront:
- No
- MlsStatus:
- Active
- 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