Kristine Wingate Shifrin - Andrew Abu Inc Realtors Logo
$660,000
( $81.88Per Sq Foot )
 $3,543 est/mo Sourced by Back At You

87 Tremont Street,New Bedford, MA 02740

New Bedford, MA 02740

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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.

Details

MLS #73542934
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1930
Days On Site103
Listing Provided ByLamacchia Realty, Inc | Cheryl Perry

Features

SQ Feet8,061
ZoningRB
Acreage0.26

Exterior

RoofShingle

Utilities

UtilitiesPublic Water, Public Sewer

Taxes

Tax Annual Amount7168
Tax Lot0551
Tax Year2025
Tax Map Number0044

Location

Senior Community Yes / NoNo

Area Information

StateMA
CountyBristol
CityNew Bedford
Zip Code02740
AreaBristol
Listing VS Median (in 02740)
Price:
$660,000
low | high
Med:
$449,900
81.833333333333% of Average
sqft:
8,061
low | high
Med:
1,557
100% of Average
$ / sqft:
$82
low | high
Med:
$289
100% of Average
On site:
103
low | high
Med:
52
100% of Average
Sourced by Back At You

Market Activity 02740

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Learn More About This Property

Kristine Wingate Shifrin

Kristine Wingate Shifrin

Andrew Abu Inc

9027819 (508) 328-5561kristine@andrewabu.com
StateMA
CountyBristol
CityNew Bedford
Zip Code02740
AreaBristol
Listing VS Median (in 02740)
Price:
$660,000
low | high
Med:
$449,900
81.833333333333% of Average
sqft:
8,061
low | high
Med:
1,557
100% of Average
$ / sqft:
$82
low | high
Med:
$289
100% of Average
On site:
103
low | high
Med:
52
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $495K - $825K
sqft: 6,000 - 10,000
Nearby Listings Property ImageNearby Listings Details
200 North St Property Photo 1
$749,000
200 North St
New Bedford, MA 02740
Listing Updated: September 29, 2026 at 8:07:35 AM PDT