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$ 660,000
Est. payment /mo
New
87 Tremont Street New Bedford, MA 02740
8,061 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 8,061 sqft
Price per Sqft $81
MLS Listing ID 73542934
HOA Y/N false
Year Built 1930
Annual Tax Amount $7,168
Tax Year 2025
Lot Size 0.260 Acres
Acres 0.26
Property Description
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.
Location
State MA
County Bristol
Zoning RB
Direction Rockdale Avenue to Union Street to Tremont Street
Exterior
Utilities Available Public Water, Public Sewer
Roof Type Shingle
Others
Senior Community false
Listed by Lamacchia Realty, Inc