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    OFF-MARKET
    Auto shops

    72 1st St, Lowell, MA 01850-2589

    906 SF 0.07 ac lot Built 1940
    Individually Owned 18-yr Hold Free & Clear
    Property ID
    US38-0582909
    Property summary
    AI-generated overview

    This exceptional commercial property at 72 First Street in Lowell, MA, presents a unique investment opportunity. Priced at $425,000, this well-established auto repair business includes a substantial building situated on a 0.07-acre lot. The property features two service bays equipped with lifts, ensuring efficient workflow and ample capacity for vehicle maintenance and repair. A comprehensive security system is in place, providing peace of mind for both the business owner and their clients. The building also boasts a comfortable waiting area for customers, a fully functional office for administrative tasks, and a convenient full bathroom. Additional storage space is available in a sizable basement area, offering flexibility for inventory, tools, and equipment. The property benefits from extensive parking, with a generous open lot and a convenient driveway providing ample space for customers and employees. This turnkey operation offers a rare chance to acquire a profitable business with significant potential for growth in a desirable location. The combination of a well-maintained building, established clientele, and convenient amenities makes this an attractive proposition for a savvy investor seeking a ready-to-go commercial venture. The property's strategic location in Lowell, MA, further enhances its appeal, offering easy access to major transportation routes and a thriving local market. This is an exceptional opportunity to own a successful business and property in a prime location.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1940
    Construction FRAME
    Total area 906 SF
    Lot 0.07 ac (3,049 SF)
    Zoning code TMF
    APN LOWE M:198 B:2325 L:72
    UPID US38-0582909
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Cuong Nguyen · 18 yrs held
    Cuong Nguyen
    since 2007
    4 recorded transactions
    2007
    $190,000
    2006
    2003
    $140,000
    2003
    Zoning & alternative use
    TMF · Lowell, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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