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    OFF-MARKET
    Commercial real estate

    8 Northfield Rd, Erving, MA 01344

    2.59 ac lot Built 1985
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a well-established self-storage facility situated on a spacious 2.59-acre lot at 8 Northfield Road (Route 63) in Erving, Massachusetts. Established in 1985, the property comprises five buildings totaling 26,100 square feet and offering a diverse range of 219 storage units. Unit sizes vary to accommodate a wide spectrum of customer needs, ranging from compact 5x5 units to larger 10x30 units. The property's strategic location on a major thoroughfare ensures high visibility and convenient access for customers. The current configuration of the facility has not yet undergone a formal assessment by the Town of Erving. This presents a unique opportunity for a buyer to potentially optimize operations and potentially increase revenue streams. The asking price for this turnkey self-storage business is $3,000,000. This represents a substantial investment in a proven, established business with significant potential for future growth and profitability. The property's size and established customer base make it an attractive proposition for investors seeking a stable and income-generating asset in a desirable location. Serious inquiries are encouraged to explore this exceptional opportunity further.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1985
    Lot 2.59 ac (112,820 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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