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165-189 Market St

Lowell, MA 01852

$595,000

Storefront Retail Residential Condo For Sale  •  4,500 Sq Ft

Property Details

  • Property Type Storefront Retail Residential
  • Total Building Size 11,000 Sq Ft
  • Lot Size 0.3 ac
  • Building Class B
  • Year Built 1960
  • Cap Rate 5.14 %
  • Tenancy Multiple
  • Zoning B3
53 Transit Score
96 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit C4 & C5 Retail 4,500 SF $595,000
  • Unit Size: 4,500 SF
  • Condo Use: Retail
  • Price: $595,000
  • Sale Type: Investment or Owner User
  • Price/SF: $132.22
Description
The sale consists  of two commercial condo units on the ground floor with additional rented studios in basement for a total area of 4500sq' of space.
Perfect  for a variety of uses such as retail , yoga studio , coffee shop , gaming store etc..

Attachments

Property Flyers

Description

Two commercial condo units are now being offered for sale located in a beautifully restored Mill building. Many of the original features of the old mill were restored and incorporated into the design of the two condominium units known as C4 and C5 ( currently operating as " Gallery Z "). The two condos have an open floor plan with large windows looking onto busy Market St. with high ceilings and original wooden beams. There is also additional deeded storage space in the basement . 
The zoning as well as the condo documents allow for a variety of uses for these beautiful spaces such as a Café, Bistro style Restaurant, exercise studios etc.. Call listing agent for further details.

Highlights

Two large condo units in a recently restored Mill building which was restored with lots of care , keeping in place lots of the original features.
Large windows facing busy Market st as well as high ceilings and an open floor plan are just the begining.
Must see to appreciate the quality and the appeal of thses units.

Property Flyers

Financial Summary

Cap Rate: 5.14 %
Total Expenses: $12,820

Major Tenants

Tenant SF Occupied Lease End Date
gallery z 500 SF

Public Transportation

Commuter RailDriveWalkDistance
Lowell Commuter Rail (Lowell Line) 3 min 15 min 0.8 mi
North Billerica Commuter Rail (Lowell Line) 12 min - 5.0 mi
AirportDriveWalkDistance
Manchester–Boston Regional Airport 46 min - 29.5 mi
Logan International Airport 46 min - 30.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Surface
Included in Rent: Yes
Varujan Abalian 617-733-7754 1 Plus 1 Realty LLC
Varujan Abalian 617-733-7754 1 Plus 1 Realty LLC