Mixed Use Residential-Retail with Business Ownership
listing image
views count 9 Views
Listing was updated on: 02/28/2021
Price: 3200000.00
location icon Frank & Ernest, 810 Central St, Lowell, MA 01852, USA
Multifamily for Sale
12109.00 sqft
from February 24, 2021
Description

LocationThe property is located in the southeast corner of the City of Lowell MA. Three (3) mins to the highway intersection of I-495 & Rte 3. This mixed-use commercial property is in a well establish historic neighborhood. It is only five blocks from the main artery leading to the Lowell Connector that takes you to the Interstate. SaleMixed Use Residential-Retail - Six units (5 three bedroom units & a Convivence Store). One Family proudly owned since 1932. Value Add property. One of the legal residential units is being used as storage area for the store.
This transaction includes both the Real Estate and Business for a Price of $3,700,000.
The opportunity to purchase the convivence store business with an estimated value of $600,000 and run it yourself or sell the business and lease store to the new business owner.
Current three (3) brother ownership of both the Real Estate and Convenience Store Business has been in place since 1974 and each of the families has prospered and enjoyed this business enterprise.

Additional parameters

The information above is from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.