87 Tremont st - Warehouse FOR SALE


New Bedford, MA 02740- Downtown New Bedford
$660,000 USD
508-677-3629
87 Tremont st, New Bedford, MA for Sale
$660,000 USD
Warehouse - FOR SALE
1/12
null | 7.45% Cap Rate

87 Tremont st
New Bedford, MA 02740
Downtown New Bedford


HIGHLIGHTS

  • Income-producing asset with 31 storage units and upside through lease-up.
  • Located near downtown New Bedford, major roadways, and residential communities.
  • Functional building design with overhead garage doors for easy access.
  • Equipped with public water, sewer, and natural gas heat to support operations.
  • On-site parking and a half-bathroom enhancing tenant and operator convenience.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$660,000 USD

PRICE/SF

$82 USD /SF

CAP RATE

7.45%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1930

UTILITIES

Water - City, Sewer - City

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26

LAND SF

11,326

ZONING

RB

APN/PARCEL ID

NEWB-000044-000000-000551

ASK ABOUT THIS PROPERTY

Cheryl PerryLamacchia RealtyMore Info
508-677-3629

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Cheryl PerryLamacchia RealtyMore Info
508-677-3629

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.