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Mixed-use properties
MA
Lowell
01854
169-171 Salem St

Property profile

169-171 Salem St Lowell, MA 01854

FOR SALE

Grocery and convenience stores

Property ID

US38-Q000096

7,178 SF Built 1900

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$1,300,000 7,178 SF

169-171 Salem St, Lowell, MA 01854
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5 Unit Mixed Use Building near UMASS Lowell and within walking distance to many amenities. The property has been well maintained and updated and has plenty of off street parking. The first floor retail space also has a kitchen area with 2 walk-in coolers, 1 walking freezer, and pizza ovens. Two 3-Bedroom updated apartments are above the commercial space. The adjacent 2 residential units each have 1 bedroom. Unit 4 has access to the basement and laundry hookups. Unit 5 has a walkup attic with 2 semi finished rooms. All units have separate utilities as well as washer /dryer hookups. Letters of Initial Lead Inspection Compliance attached in documents for download. Business/Cote's market name, equipment and inventory included in the sale. Plenty of off street parking included.

Property type Grocery and convenience stores

Year built 1900

Total area 7,178 SF

UPID US38-Q000096

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

169-171 Salem St Lowell, MA 01854

Lowell metro

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Comparables

6 recent transactions · within 1.5 mi

Comparable in this City

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$2,250,000

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9-Unit Mixed-Use Property

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$2,250,000

Mixed-Use Property with Storefronts

Combined retail and residential layout with documented compliance materials on file.

694 Merrimack Street, Lowell, MA 01854

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$1,300,000

7,178 SF

Apartment Building with Ground-Floor Retail

Well-maintained 5-unit mixed-use building with off-street parking, UMF zoning, and separate utilities for all units.

169-171 Salem St, Lowell, MA 01854

View Details
New

$799,000

Flexible Mixed-Use Building

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Low-Rise Apartment Building Investment

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Similar Nearby for Sale

New

$2,250,000

8,664 SF

Nine-Unit Mixed-Use Property

UMU-zoned building combines two retail storefronts with seven residential units in a mixed-use configuration.

694 Merrimack Street, Lowell, MA 01854

View Details
$2,250,000

0.08 Acres

9-Unit Mixed-Use Property

UMU-zoned building combines retail storefronts with residential units in one commercial and residential asset.

694 Merrimack Street, Lowell, MA 01854

View Details
New

$2,250,000

Mixed-Use Property with Storefronts

Combined retail and residential layout with documented compliance materials on file.

694 Merrimack Street, Lowell, MA 01854

View Details
$1,300,000

7,178 SF

Apartment Building with Ground-Floor Retail

Well-maintained 5-unit mixed-use building with off-street parking, UMF zoning, and separate utilities for all units.

169-171 Salem St, Lowell, MA 01854

View Details
New

$799,000

Flexible Mixed-Use Building

Multi-option building offering office space and potential condo or apartment conversions under MBTA zoning.

590 Dutton Street, Lowell, MA 01854

View Details
Contact for pricing
3,547 SF

Low-Rise Apartment Building Investment

Walker Street Apartments offers 3 one-bedroom and 2 two-bedroom units with separately metered, tenant-paid utilities.

169 Walker Street, Lowell, MA 01854

View Details

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