Property profile

110 Gorham St Lowell, MA 01852

OFF-MARKET
Turn key restaurants
Property ID
US38-0976280
4,586 SF 0.05 ac lot Built 1900
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1900
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,586 SF
Lot 0.05 ac (2,178 SF)
Zoning code UMU
APN LOWE M:180 B:2675 L:110
UPID US38-0976280

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

110 Gorham St Lowell, MA 01852-2503
Lowell metro Census 310101 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$685k
Blend (final) Blend
$660k

Owner & transaction history

since 2026
Last sale
$650,000
2 recorded transactions
2026
$650,000
1998
$145,000

Zoning & alternative use

UMU · Lowell, MA
Zoning description

UMU District promotes the vitality of Lowell historic downtown. The UMU district focuses on revitalizing the commercial areas in the urban neighborhoods near downtown

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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