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 6x6 and 10x15 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.
This home has been viewed 51 times
Last Checked: July 4th, 2026 at 5:43am (Source: MLS PIN #73542934)
General Information for 87 Tremont Street, New Bedford MA 02740
Listing ID73542934
Property TypeCommercial Sale / Industrial
Price$660,000
Style
CityNew Bedford
CountyBristol
Neighborhood(s)
ZoningRB
Year Built1930
Disclosures for 87 Tremont Street, New Bedford MA 02740
Lead Paint
UFFI
Living Area Includes Basement
Living Area Disclosure
Building Area Source
Special Listing Conditions
ExclusionsWindow Air Conditioners
Compensation Based On
Contact Information for 87 Tremont Street, New Bedford MA 02740