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Property profile & analytics
OFF-MARKET
Investment properties

175 Salem St Lowell, MA 01854

0.21 ac lot Built 1917
Property ID
Property summary
AI-generated overview

Cote's Market, a Lowell institution for over a century, presents a unique business opportunity. This turnkey operation boasts over $85,000 in upgrades within the last six years, including new display coolers, refrigeration units, freezers, and energy-efficient mini-split systems. The business is well-established, renowned for its Famous Cote's Beans, prepared foods, and grocery selection. Significant expansion potential exists with nine pizza ovens already in place. Ancillary systems, including a security system, are fully installed. Ample storage is available, featuring two walk-in coolers, a walk-in freezer, and additional basement storage. The property benefits from a convenient location near UMass Lowell, providing a strong customer base. Sales are further enhanced by the availability of lottery tickets, cigarettes, and EBT payments. Parking is readily available, both on and off-street. A long-term lease is offered, encompassing a five-year initial term with two five-year renewal options. The current owner is willing to provide training to ensure a smooth transition for the new owner. This is a rare chance to acquire a thriving, established business with a rich history and significant growth potential. The 0.21-acre lot provides ample space for operations.

Property profile
Verified
Property type Investment properties
Year built 1917
Lot 0.21 ac (9,148 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Cote's Market Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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