Climate-Controlled Self Storage
81 Cove St, New Bedford, MA 02744
For Sale
Contact for pricing
Converted in 2023, the facility offers approximately 91,858 NRSF and additional conversion capacity.
Property Size91,858 SF
Days on Market105
Property Features for 81 Cove St
General Information
Standard status
Size
Property subtype
Net Operating Income
Building Details
Building Size
Year Renovated
Units
Listing Agency:
Matthews Real Estate Investment Services | Dallas
Listed By:
Austin McLeod · License GA #394903
(404) 445-1093
Source:
Matthews
Added: Aug 1
Changed: Nov 12
Last Checked: Nov 12 at 4:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews Real Estate Investment Services | Dallas
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Investment Insights
Based on property information with market context.
Located at 81 Cove St in New Bedford, Massachusetts, this self-storage facility is entirely climate-controlled and was converted in 2023. The property contains approximately 91,858 NRSF, with roughly 60k gross SF identified for potential further conversion.
The surrounding market includes more than 85,000 residents within 3 miles and 131,000 within 5 miles. Renters represent 73.84% of the population within 1 mile, 56.98% within 3 miles, and 53.39% within 5 miles. Self-storage supply measures 5.03 square feet per capita across 3 miles and 8.35 square feet per capita across 5 miles.
A solar lease remains in place with approximately 11 years left on the term and annual increases of 1.9%.
The surrounding market includes more than 85,000 residents within 3 miles and 131,000 within 5 miles. Renters represent 73.84% of the population within 1 mile, 56.98% within 3 miles, and 53.39% within 5 miles. Self-storage supply measures 5.03 square feet per capita across 3 miles and 8.35 square feet per capita across 5 miles.
A solar lease remains in place with approximately 11 years left on the term and annual increases of 1.9%.
Key Highlights
- ±91,858 NRSF of all climate‑controlled self‑storage space
- Converted in 2023
- Approx. 60k gross SF identified for further conversion
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
575
Businesses Nearby
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Business Placement
Demographics for 02744, MA
13,055
Population
5,609
Households
2.3
Avg Household Size
35
Median Age
13%
College-Educated
72%
High-School Grad
1.3 sq mi
ZIP Area
10,042
Density / Sq Mi
$54,841
Median Household Income
$36,799
Median Earnings
$1,133
Median Rent
$344,800
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Self storage facility - Converted in 2023, the facility offers approximately 91,858 NRSF and additional conversion capacity.
Where is this self storage facility located?
The property is located at 81 Cove St New Bedford, MA.
What are key features of this property?
This property features: ±91,858 NRSF of all climate‑controlled self‑storage space; Converted in 2023; Approx. 60k gross SF identified for further conversion
