Live-Work Property With Paint
For Sale
$419,000
Pending
39 Wilbur St, Lowell, MA 01851
Commercial Sale, Lowell, MA
Property Size1,500 SF
Lot Size0.16 Acres
Days on Market98
Property Features for 39 Wilbur St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
LI
Zoning description
Legal Conforming
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Directions
Stedman Street to Wilbur st
Standard status
Pending
APN
M:62 B:6370 L:39 U:1B3,3176147
Size
1,500 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2673
Amenities
professional paint booth
Building Details
Year built
1989
Listing Agency:
RE/MAX Innovative Properties · RE/MAX International
(978) 452-4432
Listed By:
Joshua Naughton
(603) 434-4101
Added: Jul 14
Changed: Sep 17
Last Checked: Oct 19 at 3:06AM
MLS# 73549137
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,500-square-foot live-work property combines a commercial workspace with a one-bedroom apartment above. The commercial level was formerly used as an auto body shop and includes a paint booth and dedicated work area. The layout can accommodate vehicle repair, restoration, detailing, or customization activities supported by the existing shop configuration.
The property sits on 0.1607 acres at 39 Wilbur St in Lowell, Massachusetts, and carries LI zoning. Off-street parking for approximately 10 vehicles supports customer, employee, inventory, or fleet parking needs. Built in 1989, the property provides both commercial and residential components within one building.
The property sits on 0.1607 acres at 39 Wilbur St in Lowell, Massachusetts, and carries LI zoning. Off-street parking for approximately 10 vehicles supports customer, employee, inventory, or fleet parking needs. Built in 1989, the property provides both commercial and residential components within one building.
Key Highlights
- 1,500‑square‑foot live‑work property with commercial and residential components
- Commercial level includes a paint booth and dedicated work area
- One‑bedroom apartment positioned above the commercial workspace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,203
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$544,060
$544.1K
Cap Rate 7%
$388,614
$388.6K
Cap Rate 9%
$302,256
$302.3K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$46.8K $31.20/SF
− Vacancy
−$10.5K −$7.02/SF
EGI
$36.3K $24.18/SF
− OpEx
−$9.1K −$6.05/SF
NOI
$27.2K $18.13/SF
Area
Lowell, MA
Vacancy
22.50%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$544,060
Cap Rate 7%
$388,614
Cap Rate 9%
$302,256
Alternative Uses
Best Use
Office B
$388.6K
$340.0K – $453.4K
NOI $27,203 @ 7.0% cap · market cap 6.49%
Second Best
Mixed Use
$354.9K
$310.5K – $414.0K
NOI $24,840 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$527.9K
$462.0K – $615.9K
NOI $36,956 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
825
Businesses Nearby
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Business Placement
Demographics for 01851, MA
32,691
Population
11,759
Households
2.8
Avg Household Size
34
Median Age
32%
College-Educated
79%
High-School Grad
3.2 sq mi
ZIP Area
10,216
Density / Sq Mi
$87,962
Median Household Income
$46,388
Median Earnings
$1,686
Median Rent
$432,100
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Live-work space - Commercial workspace with a paint booth and an upstairs one-bedroom apartment.
Where is this live-work space located?
The property is located at 39 Wilbur St Lowell, MA.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: 1,500‑square‑foot live‑work property with commercial and residential components; Commercial level includes a paint booth and dedicated work area; One‑bedroom apartment positioned above the commercial workspace
