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Mixed-Use Building with Storefronts
For Sale
$799,000
Pending

120 Lakeview Avenue, Lowell, MA 01850

Combination of retail, apartment, and workshop space with separate utilities and parking on site.

Property Size5,040 SF
Days on Market167

Property Features for 120 Lakeview Avenue

General Information

Standard status Pending
Size 5,040 SF
Total Parking Spaces 7
Property subtype Multi-family / 5-9 Family
Zoning TMF
Net Operating Income $58,729

Additional Details

Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $6,135

Amenities

City/Town Sewer, Public
Yes, Yes, 3.00, Paved Drive, Paved Drive
No
6.0
4
2
5.00
6

Building Details

Year Built 1930
Tenancy Multi
Listing Agency: North Shore Realty Advisors
Listed By: Ben Davis · License #9557178
Source: Compass
Added: Mar 19 Changed: Aug 31 Last Checked: Aug 31 at 12:26AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of North Shore Realty Advisors

Investment Insights

Based on property information with market context.

Built in 1930, this 5,040-square-foot mixed-use property combines two street-facing retail spaces with three one-bedroom apartments. The building also includes a sizable garage or shop area at the rear, along with a top-floor area that could accommodate a three-bedroom apartment when finished.

Each unit has separate utilities, and the property provides 3-4 parking spaces. The retail units are occupied by tenants, while the TMF zoning and existing mix of commercial and residential components define the property’s current configuration.

Key Highlights

  • 5,040‑square‑foot mixed‑use property built in 1930
  • Two street‑facing storefronts with tenant occupancy
  • Three one‑bedroom apartments

Property Analytics

Current Use

MCH Guatemalan Treasures Discount Store

Suggested Use

Top Pick Skin Care Clinic (Bike/Boat/Book/etc) Store HVAC Service Acupuncture Florist Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

2,599
Businesses Nearby

Demographics for 01850, MA

16,670
Population
6,028
Households
2.8
Avg Household Size
34
Median Age
18%
College-Educated
83%
High-School Grad
1.4 sq mi
ZIP Area
11,907
Density / Sq Mi
$67,581
Median Household Income
$42,096
Median Earnings
$1,666
Median Rent
$367,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Combination of retail, apartment, and workshop space with separate utilities and parking on site.
Where is this mixed-use property located?
The property is located at 120 Lakeview Avenue Lowell, MA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 5,040‑square‑foot mixed‑use property built in 1930; Two street‑facing storefronts with tenant occupancy; Three one‑bedroom apartments
More about this property
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