34 Rock St Lowell, MA 01854
- Auto shops
- 2,560 SF
- 0.18 lot acres
Current Use by Public Records
- Hassan's Auto Repair / Car Repair And Maintenance Service
- Wellington Auto Body Shop LLC / Auto Body Shop
Property Details for 34 Rock St
- Year built
- 1977
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.18 lot acres
- Property size
- 2,560 SF
- Zone code
- UMF
- Property type
- Auto shops
- APN
- LOWE M:139 B:5025 L:34
- APU
- LOWEM139B5025L34
Description
This exceptional commercial property at 34 Rock St, Lowell, MA, presents a lucrative investment opportunity or a perfect space for a business relocation or startup. Situated on a 0.18-acre lot, the substantial building boasts four large garage bays, easily convertible to five, offering significant adaptability. Two well-appointed office spaces provide ample administrative areas, complemented by a dedicated spray paint room. The building's flexible layout allows for diverse uses, catering to a wide range of commercial ventures. Currently configured as two separate rental units, each with its own entrance, the property demonstrates strong rental income potential with low maintenance requirements. Each tenant operates an independent business, showcasing the property's versatility and appeal to multiple tenants. The property's prime location ensures convenient highway access, a significant advantage for businesses requiring efficient transportation links. Ample parking is available, accommodating fifteen or more vehicles. This is a rare opportunity to acquire a high-performing commercial property in a desirable location with excellent potential for future growth and profitability. The asking price is $799,900.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $480,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $515,000
- 6.5%
- $540,000
- 7%
- $500,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $535,000
- Geo Method
- $520,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $490,000
- Retail
- $440,000
- Mixed-Use
- $500,000
- Hospitality
- $460,000
- Educational
- $435,000
- Residential Income
- $505,000
- Energy
- $565,000
- Income-Based Land
- $475,000
- Food Service
- $480,000
Location Insight
- Map
- Local Demand
- City
- Lowell
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.3198
- Latitude
- 42.6416
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA