Neighborhood Retail
189 E Merrimack Street #2C, Lowell, MA 01852
For Sale
Contact for pricing
Approximately 500 SF in Lowell’s Neighborhood Business (NB) zoning district.
Property Size500 SF
Price / SF$1.80
Days on Market94
Property Features for 189 E Merrimack Street #2C
General Information
Standard status
Size
Zoning
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
Charlesgate Realty Group, llc
(617) 587-0100
Listed By:
Emma Fula · License MA #448510473
(781) 589-2092
Source:
Lockandkeyre
Added: Aug 13
Changed: Nov 12
Last Checked: Nov 12 at 7:26AM
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 Charlesgate Realty Group, llc
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Investment Insights
Based on property information with market context.
This retail storefront comprises approximately 500 SF at 189 E Merrimack Street, Unit 2, in Lowell, Massachusetts. The property dates to 1900 and is positioned within the city’s Neighborhood Business (NB) zoning district.
The space is presented for retail or commercial use, with visibility and foot traffic identified as property characteristics. Any prospective operator should independently confirm intended-use compliance, licensing requirements, and whether special permits are necessary with the City of Lowell.
The space is presented for retail or commercial use, with visibility and foot traffic identified as property characteristics. Any prospective operator should independently confirm intended-use compliance, licensing requirements, and whether special permits are necessary with the City of Lowell.
Key Highlights
- Approximately 500 SF of retail storefront space
- Neighborhood Business (NB) zoning district
- Located at 189 E Merrimack Street, Unit 2, Lowell, MA 01852
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,247
Suggested Prices Based on Cap Rates
Cap Rate 5%
$164,940
$164.9K
Cap Rate 7%
$117,814
$117.8K
Cap Rate 9%
$91,633
$91.6K
Market Conditions
NOI Build-Up for 500 SF
Gross rent
$12.6K $25.20/SF
− Vacancy
−$819 −$1.64/SF
EGI
$11.8K $23.56/SF
− OpEx
−$3.5K −$7.07/SF
NOI
$8.2K $16.49/SF
Area
Lowell, MA
Vacancy
6.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$164,940
Cap Rate 7%
$117,814
Cap Rate 9%
$91,633
Alternative Uses
Best Use
Retail
$117.8K
$103.1K – $137.5K
NOI $8,247 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$176.0K
$154.0K – $205.3K
NOI $12,319 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,531
Businesses Nearby
24k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 39%
Dunkin' Donuts
Dining
8,395 visits/mo
0.1 miles
7-Eleven
Shops & Services
5,219 visits/mo
0.5 miles
Domino's Pizza
Dining
4,258 visits/mo
0.4 miles
BP
Shops & Services
3,256 visits/mo
0.3 miles
Little Caesars Pizza
Dining
1,991 visits/mo
0.4 miles
Demographics for 01852, MA
36,708
Population
15,363
Households
2.4
Avg Household Size
37
Median Age
33%
College-Educated
86%
High-School Grad
5.0 sq mi
ZIP Area
7,342
Density / Sq Mi
$77,058
Median Household Income
$48,976
Median Earnings
$1,567
Median Rent
$397,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Lowell, MA
Properties on Market for Storefront properties in Lowell
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Flowers By Albert — 521 Merrimack St, Lowell, MA 01854
Frequently Asked Questions
What type of property is this?
Storefront property - Approximately 500 SF in Lowell’s Neighborhood Business (NB) zoning district.
Where is this storefront property located?
The property is located at 189 E Merrimack Street #2C Lowell, MA.
What are key features of this property?
This property features: Approximately 500 SF of retail storefront space; Neighborhood Business (NB) zoning district; Located at 189 E Merrimack Street, Unit 2, Lowell, MA 01852
