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    198 University Ave Lowell, MA 01854

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    For Lease
    $1,200 /Mo ($8 SF/Yr)

    Renovated retail space with high traffic near UMass campus.

    Property size:
    1,680 SF
    Lot size:
    0.08 Acres

    Property Features for 198 University Ave

    General Information

    Size
    1,680 SF
    Lot size
    0.08 Acres

    Source: BHHS - Verani Realty | Bradford Agent Timothy London

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

    Overview

    Updated Retail Space Available

    This retail space presents a business opportunity with recent updates including new ceilings, flooring, electrical systems, and heating. The property benefits from high car and foot traffic. Previously used as a barber shop, the space is suitable for various uses such as a boutique, retail store, barber shop, salon, or office. Both units include a small office and a prominent display window at the front entrance. The property features large, updated bathrooms with laminate flooring. Located minutes from highways and seconds from the UMass campus, public transportation is readily accessible. The tenant is responsible for confirming approved uses with City Hall. The lease term is negotiable from 1 to 5 years. The property offers 1680 square feet of space.
    Insight Report Location Intelligence

    Current Use by Public Records

    Santana Barbershop Barber Shop Santana barbershop Barber Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lowell
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3301505
    Latitude
    42.6557273

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    FAQs

    What type of property is this?
    Retail space - Renovated retail space with high traffic near UMass campus.
    Where is this retail space located?
    The property is located at 198 University Ave Lowell, MA.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: - High car and foot traffic, ideal for business visibility.; - Prime location: Seconds from UMass campus and minutes from highways, with public transportation access.; - Recently updated with new ceilings, flooring, electrical, and heat.
    (978) 914-4202
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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
    198 University Ave Lowell, MA 01854
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