Two-Bay Auto Repair
10 Riverside St, Lowell, MA 01854
For Sale
$799,999
The operating garage includes vehicle lifts and certification for Massachusetts and federal emissions repair.
Property Size1,424 SF
Price / SF$561.80
Days on Market49
Property Features for 10 Riverside St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Road Access
Additional Details
Business Included
Service Bays
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listed By:
Sam Meas
(781) 696-1324
Source:
Elliman
Added: Sep 26
Changed: Oct 29
Last Checked: Nov 12 at 8:50AM
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 Sam Meas
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Investment Insights
Based on property information with market context.
This 1,424-square-foot auto repair property is offered with its operating business. The garage has two service bays and two lifts, with tools, fixtures, equipment, and inventory in place. Its capabilities cover gas, diesel, hybrid, and electric vehicles, from routine maintenance to diagnostics and repair. The facility is certified for emissions repair at both the Massachusetts and federal levels, and the business has served the area since 1980.
The building dates to 1940 and occupies the corner of Riverside Street (Route 110) and Mammoth Road in Lowell. The business serves customers from the Merrimack Valley and Southern New Hampshire. Operations are led by an ASE Certified Master Technician with more than 50 years of experience, alongside a team of certified technicians.
The building dates to 1940 and occupies the corner of Riverside Street (Route 110) and Mammoth Road in Lowell. The business serves customers from the Merrimack Valley and Southern New Hampshire. Operations are led by an ASE Certified Master Technician with more than 50 years of experience, alongside a team of certified technicians.
Key Highlights
- 1,424‑square‑foot auto repair facility
- Two service bays and two lifts
- Includes the operating business, equipment, tools, fixtures, and inventory
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,487
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,740
$469.7K
Cap Rate 7%
$335,529
$335.5K
Cap Rate 9%
$260,967
$261.0K
Market Conditions
NOI Build-Up for 1,424 SF
Gross rent
$35.9K $25.20/SF
− Vacancy
−$2.3K −$1.64/SF
EGI
$33.6K $23.56/SF
− OpEx
−$10.1K −$7.07/SF
NOI
$23.5K $16.49/SF
Area
Lowell, MA
Vacancy
6.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,740
Cap Rate 7%
$335,529
Cap Rate 9%
$260,967
Alternative Uses
Best Use
Retail
$335.5K
$293.6K – $391.5K
NOI $23,487 @ 7.0% cap · market cap 2.94%
Second Best
Industrial
$116.5K
$101.9K – $135.9K
NOI $8,152 @ 7.0% cap · market cap 1.02%
Theoretical Best
Office A
$501.2K
$438.6K – $584.7K
NOI $35,084 @ 7.0% cap · market cap 4.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
2
Service bays
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,103
Businesses Nearby
74k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 43%
McDonald's
Dining
30,261 visits/mo
0.1 miles
Shell
Shops & Services
15,905 visits/mo
0.4 miles
Dunkin' Donuts
Dining
8,593 visits/mo
0.4 miles
7-Eleven
Shops & Services
8,457 visits/mo
0.1 miles
TD Bank
Shops & Services
7,490 visits/mo
0.1 miles
Demographics for 01854, MA
29,561
Population
10,960
Households
2.7
Avg Household Size
31
Median Age
30%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
7,390
Density / Sq Mi
$70,397
Median Household Income
$39,216
Median Earnings
$1,477
Median Rent
$360,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Auto shops in Middlesex County, MA
Properties on Market for Auto shops in Middlesex County
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Auto shop - The operating garage includes vehicle lifts and certification for Massachusetts and federal emissions repair.
Where is this auto shop located?
The property is located at 10 Riverside St Lowell, MA.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: 1,424‑square‑foot auto repair facility; Two service bays and two lifts; Includes the operating business, equipment, tools, fixtures, and inventory
