Store Space - New Bedford, MA

42 Edison St, New Bedford, MA 02745

  • For Sale $14,900,000
  • Property Type Industrial - Warehouse/Distribution
  • Additional Rent Contact for pricing
  • Date Updated Dec 21, 2024

The Colliers Self Storage Group is pleased to exclusively offer to qualified investors the opportunity to purchase an institutional quality self-storage conversion located at 42 Edison Street in New Bedford, Massachusetts.  Store Space – New Bedford is a single-story former coat manufacturing building situated on a corner parcel with approximately 500 linear feet of frontage along Edison Street. 

Store Space was converted into self-storage in 2023, however the 126,575 gsf structure was originally constructed in 1905.  Sitting on approximately 4.4 acres, this facility offers tenants 88,817 rsf of climate-controlled storage, with unit sizes ranging from 5’x5’ to 10’x30’.  Having opened in September of 2023, this facility has steadily leased to 15% physical occupancy in 8 short months of operation. 

Priced at $14,900,000, Store Space – New Bedford is priced at a stabilized 7.50% cap rate and just $167.76 psf.  The purchaser of this asset will be acquiring an institutional quality conversion in a densely populated suburb of Boston.  The area’s growing economy, and proximity to both top tier universities and major employment hubs make this asset an attractive self-storage investment for years to come. 

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Contacts

broker
Ashley Compton

Location

Getting Around

  • Walk Score ®

    77/100 Very Walkable

  • Transit Score ®

    35/100 Some Transit

  • Bike Score ®

    50/100 Bikeable
Powered by Walk Score ®
  • City New Bedford, MA
  • Neighborhood North End Mill
  • Zip Code 02745
  • Market Providence

Points of Interest

  • Church Street (opens May 2025)

    0.55 miles

  • New Bedford (opens May 2025)

    1.75 miles

  • Dominos stop

    2.36 miles

  • Walgreens stop

    2.40 miles

  • Cuttyhunk Ferry

    2.43 miles

  • Petro Mart

    1.02 miles

  • Sunoco

    1.03 miles

  • 7-Eleven

    1.13 miles

  • Mobil

    1.28 miles

  • Cumberland Farms

    2.13 miles

  • Marty's Gas

    2.27 miles

  • Speedway

    2.33 miles

  • One Stop Gas

    2.44 miles

  • Tesla Supercharger

    3.64 miles

  • New Bedford Park and Ride

    0.97 miles

  • Spectator Parking

    1.29 miles

  • MassHire Parking Lot

    1.71 miles

  • Whale's Tooth Parking Lot

    1.80 miles

  • Bank of America Parking Lot

    2.15 miles

  • Elm Street Garage

    2.16 miles

  • Last Round Bar & Grille Parking Lot

    2.19 miles

  • SRTA New Bedford Terminal

    2.22 miles

  • Fisherman's Wharf / City Pier 3 Parking Lot

    2.30 miles

  • State Pier Parking Lot

    2.41 miles

  • Subway

    0.47 miles

  • Dunkin' Donuts

    0.49 miles

  • Elizabeth's

    0.56 miles

  • McDonald's

    0.79 miles

  • Wendy's

    0.89 miles

  • Burger King

    0.91 miles

  • Antonio's Restaurant

    0.93 miles

  • Dunkin'

    1.02 miles

  • Domino's

    1.09 miles

  • The Boat Restaurant Seafood & More

    1.27 miles

  • Save-A-Lot

    0.46 miles

  • Stop & Shop

    0.92 miles

  • Market Basket

    0.97 miles

  • Trucchi's Supermarket

    2.21 miles

  • Jason's Variety

    2.31 miles

  • Shaw's

    2.55 miles

  • Kohl's

    2.90 miles

  • Walmart

    2.91 miles

  • Super Stop & Shop

    3.13 miles

  • ALDI

    3.32 miles

  • New Bedford Fire Department

    0.41 miles

  • New Bedford Police Facility

    0.97 miles

  • CVS Pharmacy

    1.04 miles

  • AFC Urgent Care

    1.05 miles

  • Walgreens

    1.19 miles

  • Acushnet Fire Department Station 3

    1.62 miles

  • Acushnet Police Department

    1.65 miles

  • Acushnet Fire Department

    1.79 miles

  • NOAA Fisheries

    2.17 miles

  • New Bedford Police Dept

    2.18 miles

Frequently Asked Questions

How much does Store Space - New Bedford, MA cost?

The space currently listed for sale at Store Space - New Bedford, MA asks for $14,900,000.

What is the total square footage of Store Space - New Bedford, MA?

Store Space - New Bedford, MA totals 88,817 square feet.

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Contact Listing Broker
broker
Ashley Compton