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Auto Repair Shop For Sale

429 Riverside St, Lowell, MA

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For Sale

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Former auto repair shop on high-traffic street near UMass Lowell.

Type:RETAIL

Property size:

2,016 SF

Lot size:

0.08 Acres

Price / SF:

$235/SF

HighLights

High‑traffic location ideal for business.
Immediate income‑producing opportunity.
Large 7,170 SF lot near UMass Lowell North Campus.
Equipped with two garage doors and three auto lifts.
Environmental due diligence completed: 'no significant risk'.
Off‑street parking available.

We can help!

Listing Contact

Vladimir Saldana

For Sale

Contact for pricing

Former auto repair shop on high-traffic street near UMass Lowell.

Type:RETAIL

Property size:

2,016 SF

Lot size:

0.08 Acres

Price / SF:

$235/SF

Added:: Apr 9, 2025
Days on Market:: 436
Last Refresh:: May 19 at 9:10 pm

Property Features for 429 Riverside St

General Information

Standard status: Active
Size: 2,016 SF
Lot size: 0.08 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Vladimir Saldana

Listing agent Vladimir Saldana

Listing office Bell Tower Commercial Real Estate Group

Listing date Apr 9, 2025

Source Moodyscre

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 Bell Tower Commercial Real Estate Group

HighLights

High‑traffic location ideal for business.
Immediate income‑producing opportunity.
Large 7,170 SF lot near UMass Lowell North Campus.
Equipped with two garage doors and three auto lifts.
Environmental due diligence completed: 'no significant risk'.
Off‑street parking available.

Overview

This former auto repair shop, situated on a 7,170 square foot lot on a high-traffic street, presents an opportunity to own an income-producing business. The property is located near the Lowell/Dracut line and within walking distance of the UMass Lowell North Campus. Previously operated as an auto repair and towing business, the property's frontage spans from Lafayette to New York Streets. The 2,016 square foot building includes two garage doors, three auto lifts, an office, a small customer waiting area, a restroom, and off-street parking. Environmental due diligence has been completed, and a report will be filed with Mass DEP, concluding a condition of 'no significant risk'.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$50.8k	$25.20
− Vacancy	−$3.3k	−$1.64
EGI	$47.5k	$23.56
− OpEx	−$14.3k	−$7.07
NOI	$33.3k	$16.49

2,016 SF · lease $25.20/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$475.0K

$415.6K – $554.2K (±1% cap)

NOI $33,251 @ 7.0% cap · market cap 7.00%

Second Best

Industrial

$164.9K

$144.3K – $192.4K (±1% cap)

NOI $11,541 @ 7.0% cap · market cap 2.43%

Theoretical Best

Office A

$709.6K

$620.9K – $827.8K (±1% cap)

NOI $49,669 @ 7.0% cap · market cap 10.46%

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

Property Profile Location Intelligence

Current Use by Public Records

Boss guy J ... Auto Repair Shop Cachito’s Towing, LLC Auto Repair Shop

Suggested Use

Similar Places Nearby

S.W.A.T. Automotive Services Inc — 10 Riverside St, Lowell, MA 01854
Empire Truck Tires Of New England — 22 Gershom Ave, Lowell, MA 01854
Dunlavey's Auto — 352 Riverside St, Lowell, MA 01854
Pro Car Auto Repair — 352 Riverside St, Lowell, MA 01854
TMK Mobile Mechanix — 9 Clinton Ave, Lowell, MA 01854

Location Insight

Map
Local Demand

City: Lowell
County: Middlesex
State: Massachusetts
Longitude: -71.325
Latitude: 42.6602

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For sale
Auto shops
MA
Lowell
429 Riverside St

What type of property is this?

Auto shop - Former auto repair shop on high-traffic street near UMass Lowell.

Where is this auto shop located?

The property is located at 429 Riverside St Lowell, MA.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: High‑traffic location ideal for business.; Immediate income‑producing opportunity.; Large 7,170 SF lot near UMass Lowell North Campus.

429 Riverside St, Lowell, MA

Former auto repair shop on high-traffic street near UMass Lowell.

Property Features for 429 Riverside St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Deleaded Quadplex with Separate Utilities

Multi-Family Residence Built 1930

Lowell Multi-Family Investment Opportunity

Two-Unit Residential Income Property

Two-Family Residential Property

Mixed-Use Building with Retail Space

Well-Maintained Multi-Family Investment Opportunity

Mixed-Use Retail and Residence

Spacious Lowell Triplex with Garage

Restaurant/Club Building on Pawtucket Street

Renovated Office/Retail Space Available

Spacious Lowell Triplex with Garage

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