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    110 Gorham St Lowell, MA 01852

    For Sale
    $739,000

    High-Cash Flow Restaurant/Residential Building

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional mixed-use property in Lowell, MA, presents a prime investment opportunity. Located on Gorham Street, this 0.05-acre lot houses a thriving restaurant currently operating under a lease with one year remaining. The building's upper floors feature two spacious three-bedroom apartments, each offering an open floor plan and abundant natural light. These apartments contribute significantly to the property's positive cash flow, which is further enhanced by the outstanding maintenance evident throughout the building. The property's strategic location offers unparalleled convenience, situated near the heart of downtown Lowell and major roadways including Route 495, the Lowell Connector, and Route 3. This ensures easy access for both residents and restaurant patrons. The building is being offered as-is, representing remarkable value for a discerning investor. The combination of a stable restaurant lease, income-generating apartments, and a highly desirable location makes this a truly exceptional investment opportunity. This is a rare chance to acquire a well-maintained, cash-flowing property in a thriving urban setting. Serious inquiries are encouraged to act swiftly. The asking price is $739,000.

    Property Features for 110 Gorham St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    2,178 SF

    Building Details

    Year Built
    1900
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Keep Restaurant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lowell
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.30858
    Latitude
    42.6403

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    FAQs

    What type of property is this?
    Commercial real estate - High-Cash Flow Restaurant/Residential Building
    Where is this commercial real estate located?
    The property is located at 110 Gorham St Lowell, MA.
    What is the asking price?
    The asking price for this property is $739,000.
    (844) 687-5237
    Request Owner's contact information
    110 Gorham St Lowell, MA 01852
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    Lowell, MA 01852
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    110 Gorham St Lowell, MA 01852
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