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    455 Market St Lowell, MA 01854

    For Sale
    $1,050,000

    Prime Market Street location with excellent visibility and on-site parking.

    Property size:
    10,152 SF
    Lot size:
    0.06 Acres

    Property Features for 455 Market St

    General Information

    Size
    10,152 SF
    Lot size
    0.06 Acres

    Source: Bell Tower Commercial Real Estate Group Agent Vladimir Saldana

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

    Overview

    Iconic Olympia Restaurant Property

    Bell Tower CRE has been authorized to market and sell four parcels comprising the iconic Olympia Restaurant, including the main building, Zorba Music Hall section, and parking lots. This property is located on Market Street in the Acre neighborhood. The properties, located at 437, 455, 463, and 485 Market Street, feature a combined building area of 10,152 square feet on 0.42 acres of land. The location offers excellent visibility and on-site parking. The sale is being supervised by a court-appointed commissioner, who will determine the terms of the final disposition. All offers will be subject to court approval. The property will be sold strictly 'as-is, where-as.'
    Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    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

    Naturel Juicing, Omkar Foods, D&C Catering, Mamas Basement, Infuse Catering Services

    Location Insight

    • Map
    • Local Demand
    City
    Lowell
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3162093
    Latitude
    42.6463463

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    FAQs

    What type of property is this?
    Restaurant - Prime Market Street location with excellent visibility and on-site parking.
    Where is this restaurant located?
    The property is located at 455 Market St Lowell, MA.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: - Prime Market Street location with excellent visibility in the Acre neighborhood.; - Includes the iconic Olympia Restaurant and Zorba Music Hall section.; - Substantial combined building area of 10,152 SF on 0.42 acres.
    (978) 251-5894
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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
    455 Market St Lowell, MA 01854
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