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    175 Salem St Lowell, MA 01854

    Sponsored
    For Sale
    $130,000

    Iconic 100+ year-old market, ready for expansion.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    Cote's Market, a Lowell institution for over a century, presents a unique business opportunity. This turnkey operation boasts over $85,000 in upgrades within the last six years, including new display coolers, refrigeration units, freezers, and energy-efficient mini-split systems. The business is well-established, renowned for its Famous Cote's Beans, prepared foods, and grocery selection. Significant expansion potential exists with nine pizza ovens already in place. Ancillary systems, including a security system, are fully installed. Ample storage is available, featuring two walk-in coolers, a walk-in freezer, and additional basement storage. The property benefits from a convenient location near UMass Lowell, providing a strong customer base. Sales are further enhanced by the availability of lottery tickets, cigarettes, and EBT payments. Parking is readily available, both on and off-street. A long-term lease is offered, encompassing a five-year initial term with two five-year renewal options. The current owner is willing to provide training to ensure a smooth transition for the new owner. This is a rare chance to acquire a thriving, established business with a rich history and significant growth potential. The 0.21-acre lot provides ample space for operations.

    Property Features for 175 Salem St

    General Information

    Property type
    Investment properties
    Lot Size
    9,148 SF

    Building Details

    Year Built
    1917
    Property Profile Location Intelligence

    Current Use by Public Records

    Cote's Market Grocery Store

    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
    -71.3222
    Latitude
    42.64911

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    FAQs

    What type of property is this?
    Investment property - Iconic 100+ year-old market, ready for expansion.
    Where is this investment property located?
    The property is located at 175 Salem St Lowell, MA.
    What is the asking price?
    The asking price for this property is $130,000.
    (978) 452-4432
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    175 Salem St Lowell, MA 01854
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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
    175 Salem St Lowell, MA 01854
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