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Mixed-Use Property with Storefronts
New
For Sale
$2,250,000

694 Merrimack Street, Lowell, MA 01854

Combined retail and residential layout with documented compliance materials on file.

Property SizeContact for details
Days on Market2

Property Features for 694 Merrimack Street

General Information

Standard status Active
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $8,131

Building Details

Year Built 1890
Listing Agency: Keller Williams Realty-Merrimack
Listed By: The Espinola Group · License #.
Source: Classifiedrealtygroup
Added: Aug 20 Changed: Aug 21 Last Checked: Aug 21 at 4:31AM

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 Keller Williams Realty-Merrimack

Investment Insights

Based on property information with market context.

This mixed-use property combines commercial storefront space with residential units in a nine-unit configuration. The building includes two retail storefronts and seven residential units, creating a blend of commercial and residential occupancy within one asset. Letters of Compliance are on file.

Constructed in 1890, the property is located at 694 Merrimack Street in Lowell, Massachusetts, with a 01854 ZIP code. Its defined retail and residential components provide a clear mixed-use format for ownership and management.

Key Highlights

  • Nine total units: two retail storefronts and seven residential units
  • Mixed‑use configuration with commercial and residential components
  • Letters of Compliance are on file

Property Analytics

Current Use

Lady Maria Hair ... Hair Salon

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Building Supply Big Box & Wholesale Store Gym & Fitness Center Bakery

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

Location Intelligence

Trade Area within ½ mile

207
Businesses Nearby

Demographics for 01854, MA

29,561
Population
10,960
Households
2.7
Avg Household Size
31
Median Age
30%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
7,390
Density / Sq Mi
$70,397
Median Household Income
$39,216
Median Earnings
$1,477
Median Rent
$360,500
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 - Combined retail and residential layout with documented compliance materials on file.
Where is this mixed-use property located?
The property is located at 694 Merrimack Street Lowell, MA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Nine total units: two retail storefronts and seven residential units; Mixed‑use configuration with commercial and residential components; Letters of Compliance are on file
More about this property
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