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    19 Merrimack St Lowell, MA 01852

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    For Sale
    Contact for pricing

    Historic 4,600 SF building with operating Walgreens and vacant restaurant.

    Property size:
    4,600 SF
    Lot size:
    0.16 Acres

    Property Features for 19 Merrimack St

    General Information

    Size
    4,600 SF
    Lot size
    0.16 Acres

    Source: Centre Realty Group Agent Matt Javitch

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Investment Opportunity in Lowell

    This historic property in Lowell, MA, offers a retail investment opportunity. The building has 4,600 square feet and contains two units. One unit is occupied by an operating Walgreens, encompassing 1,300 square feet. The other unit is a vacant restaurant space, offering 3,200 square feet. The restaurant includes two large bar counters and a back patio area. The property is positioned in a prime location within Lowell.
    Insight Report Location Intelligence

    Current Use by Public Records

    Dudley's Restaurant & Bar Bar & Grill Trend Night Club

    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.

    Similar Places Nearby

    Walgreens Pharmacy, COVID-19 Drive-Thru Testing at Walgreens, Christine Braganza, Peter Ngigi, Eir's Garden

    Location Insight

    • Map
    • Local Demand
    City
    Lowell
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3078578
    Latitude
    42.6457065

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    FAQs

    What type of property is this?
    Drug store - Historic 4,600 SF building with operating Walgreens and vacant restaurant.
    Where is this drug store located?
    The property is located at 19 Merrimack St Lowell, MA.
    What are key features of this property?
    This property features: - Prime Lowell location offers high visibility and accessibility.; - Property includes an operating Walgreens, providing immediate income.; - Vacant 3,200 SF restaurant space presents a significant value-add opportunity.
    (617) 332-0077
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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
    19 Merrimack St Lowell, MA 01852
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