110 Gorham St Lowell, MA 01852-2503
Property profile & analytics
110 Gorham St, Lowell, MA 01852-2503
- Turn key restaurants
- 4,586 SF
- 0.05 lot acres
Property ID
US38-0976280
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- The Keep / Restaurant
Property Details for 110 Gorham St
- Year built
- 1900
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.05 lot acres
- 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 Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $685,000
- AI Estimate
- $428,000
Market price range: $334k - $1.13MMarket price range: $233k - $719k -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $765,000 Current use
- AUTO REPAIR, GARAGE
- $695,000 Change: -9% Conversion: Difficult
- RETAIL STORES
- $685,000 Change: -11% Conversion: Easy
- WAREHOUSE, STORAGE
- $665,000 Change: -13% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
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
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$12,089
$149,000
$370,500
$519,500
-
$0.00
$0.00
$0.00
