Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
UMU District promotes the vitality of Lowell historic downtown. The UMU district focuses on revitalizing the commercial areas in the urban neighborhoods near downtown
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
UMU · Lowell, MAUMU District promotes the vitality of Lowell historic downtown. The UMU district focuses on revitalizing the commercial areas in the urban neighborhoods near downtown
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
UMU District promotes the vitality of Lowell historic downtown. The UMU district focuses on revitalizing the commercial areas in the urban neighborhoods near downtown
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for UMU in Lowell, MA.
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