Boott Mill Redevelopment
For Sale
Contact for pricing
246.1 Market Street, Lowell, MA 01852
Unique opportunity to redevelop historic mill buildings into residential apartments.
Property Size20,928 SF
Lot Size1.00 Acre
Days on Market206
Property Features for 246.1 Market Street
General Information
Standard status
Active
Size
20,928 SF
Lot size
1.00 Acre
Property subtype
Multifamily
Building Details
Building Size
20,928 SF
Listing Agency:
The Stubblebine Company - CORFAC International
(781) 879-2543
Listed By:
Chloe Stubblebine · License #MA #9581528
(781) 879-2543
Source:
Corfac
Added: Jan 26
Changed: Aug 13
Last Checked: Aug 20 at 6:02AM
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 The Stubblebine Company - CORFAC International
Investment Insights
Based on property information with market context.
The property at 246.1 Market Street presents a redevelopment opportunity within the Boott Mill Industrial Complex in Lowell, MA. This complex features mixed-use residential and commercial office spaces. Situated in the Hamilton Canal District, the property is part of an area undergoing significant revitalization, with over 2,000,000 square feet of mixed-use development planned, including commercial and residential spaces. The location is near the new Federal Courthouse and offers accessibility to public transportation, with a walking distance of approximately 5 minutes to the Lowell T station. The property includes approximately 1 acre of land and consists of three structures: the Turbine Building, the Boiler House, and the Coal Pocket. These buildings offer the potential for approximately 60 residential apartments. Phase One, which is fully permitted, encompasses the Turbine Building and includes 23 residential units across 20,928 square feet over five levels. With demolition complete and utilities brought to the building, Phase 1 is ready for development. Phase 2 comprises the Coal Pocket and Boiler buildings, which are in "As-Is" condition at the time of sale, for the development of an additional 40 units. The Hamilton Canal District is considered the gateway to downtown Lowell, benefiting from traffic and infrastructure improvements.
Key Highlights
- Fully‑permitted Phase 1 (Turbine Building) ready for development with 23 residential units (20,928 SQFT) over 5 levels, including completed demolition and utilities.
- Opportunity to redevelop one of the last Mill buildings in the Original Boott Mill Complex.
- Located in the Hamilton Canal District, a 2,000,000+ square foot mixed‑use development area undergoing significant revitalization.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
514
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Unique opportunity to redevelop historic mill buildings into residential apartments.
Where is this apartment building located?
The property is located at 246.1 Market Street Lowell, MA.
What are key features of this property?
This property features: Fully‑permitted Phase 1 (Turbine Building) ready for development with **23 residential units (20,928 SQFT) over 5 levels**, including completed demolition and utilities.; Opportunity to redevelop one of the last Mill buildings in the Original Boott Mill Complex.; Located in the Hamilton Canal District, a 2,000,000+ square foot mixed‑use development area undergoing significant revitalization.
