110 Gorham St Lowell, MA 01852
- Turn key restaurants
- 4,586 SF
- 0.05 lot acres
Current Use by Public Records
- The Keep / Restaurant / Bar
Property Details for 110 Gorham St
- Year built
- 1900
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.05 lot acres
- Property size
- 4,586 SF
- Zone code
- UMU
- Property type
- Turn key restaurants
- APN
- LOWE M:180 B:2675 L:110
- APU
- LOWEM180B2675L110
Description
This exceptional mixed-use property in Lowell, MA, presents a prime investment opportunity. Located on Gorham Street, this 0.05-acre lot houses a thriving restaurant currently operating under a lease with one year remaining. The building's upper floors feature two spacious three-bedroom apartments, each offering an open floor plan and abundant natural light. These apartments contribute significantly to the property's positive cash flow, which is further enhanced by the outstanding maintenance evident throughout the building. The property's strategic location offers unparalleled convenience, situated near the heart of downtown Lowell and major roadways including Route 495, the Lowell Connector, and Route 3. This ensures easy access for both residents and restaurant patrons. The building is being offered as-is, representing remarkable value for a discerning investor. The combination of a stable restaurant lease, income-generating apartments, and a highly desirable location makes this a truly exceptional investment opportunity. This is a rare chance to acquire a well-maintained, cash-flowing property in a thriving urban setting. Serious inquiries are encouraged to act swiftly. The asking price is $739,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lowell
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.3086
- Latitude
- 42.6403
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
