87 Tremont Street, New Bedford, MA 02740
- $660,000
- 8,061
- SqFt
- List Price
- $660,000
- Status
- ACTIVE
- MLS#
- 73542934
- Living Area
- 8,061
- Lot Size (Acres)
- 0.26
- Year Built
- 1930
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.
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Additional Information
- Taxes
- $7,168
Mortgage Calculator
Listing courtesy of Listing Agent: Cheryl Perry from Listing Office: Lamacchia Realty, Inc.
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