Auto Repair Shop For
429 Riverside St, Lowell, MA
For Sale
Contact for pricing
Former auto repair shop on high-traffic street near UMass Lowell.
Property Size2,016 SF
Lot Size0.08 Acres
Price / SF$235.62
Days on Market581
Property Features for 429 Riverside St
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Listing Agency:
Bell Tower Commercial Real Estate Group
(978) 458-8822
Listed By:
Vladimir Saldana · License MA #9575388
(978) 251-5894
Source:
Moodyscre
Added: Apr 9, 2025
Changed: Oct 26
Last Checked: Nov 8 at 2:59AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
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'.
Key Highlights
- High‑traffic location ideal for business.
- Immediate income‑producing opportunity.
- Large 7,170 SF lot near UMass Lowell North Campus.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,251
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$665,020
$665.0K
Cap Rate 7%
$475,014
$475.0K
Cap Rate 9%
$369,456
$369.5K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$50.8K $25.20/SF
− Vacancy
−$3.3K −$1.64/SF
EGI
$47.5K $23.56/SF
− OpEx
−$14.3K −$7.07/SF
NOI
$33.3K $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%
$665,020
Cap Rate 7%
$475,014
Cap Rate 9%
$369,456
Alternative Uses
Best Use
Retail
$475.0K
$415.6K – $554.2K
NOI $33,251 @ 7.0% cap · market cap 7.00%
Second Best
Industrial
$164.9K
$144.3K – $192.4K
NOI $11,541 @ 7.0% cap · market cap 2.43%
Theoretical Best
Office A
$709.6K
$620.9K – $827.8K
NOI $49,669 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
520
Businesses Nearby
33k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Dining 33%
Family Dollar
Shops & Services
13,546 visits/mo
0.3 miles
Dunkin' Donuts
Dining
8,593 visits/mo
0.4 miles
Shell
Shops & Services
4,396 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
3,452 visits/mo
0.3 miles
Cancun Mexican Restaurant
Dining
2,297 visits/mo
0.3 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Auto shops in Middlesex County, MA
Properties on Market for Auto shops in Middlesex County
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- TMK Mobile Mechanix — 9 Clinton Ave, Lowell, MA 01854
- 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
Frequently Asked Questions
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.
