$14,900,000 | 88,817 SF | Store Space | New Bedford, MA

For Sale

42 Edison St, New Bedford, MA 02745

This New Bedford property for sale is located at 42 Edison St. The current listed sale price for $14,900,000 | 88,817 SF | Store Space | New Bedford, MA is $14,900,000. $14,900,000 | 88,817 SF | Store Space | New Bedford, MA is situated on a lot that is 4.26 square feet in size.

Contacts

broker
Ashley Compton

Property Details

  • Property Type Industrial - Warehouse/Distribution
  • Lot Size 4.26 SF
  • Year Built 1905
  • Year Renovated 2023
  • Date Updated Jun 27, 2025

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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Getting around

  • 77/100

    Walk Score ®

  • 35/100

    Transit Score ®

  • 50/100

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Location

  • 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

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Ashley Compton
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