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- LoopNet Team
1317 Middlesex St
Lowell, MA 01851
Specialty Property For Sale
·
17,942 SF
INVESTMENT HIGHLIGHTS
- 6 industrial Bays, (4 more coming) - 5 rented
- Apartment development oppurtunity
- Historically mostly a cash business
- Popular take out restaurant right next to large UMass Lowell housing complex
PROPERTY FACTS
| Property Type | Specialty | Building Size | 17,942 SF |
| Property Subtype | Car Wash | No. Stories | 2 |
| Building Class | C | Year Built | 2007 |
| Lot Size | 0.54 AC | Parking Ratio | 2.23/1,000 SF |
| Zoning | LI - Light Industrial with Special Permitting for Retail - 24 hours of operation & Restaurant/Retail, and Car Wash | ||
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 0.54 AC |
| Building Size | 17,942 SF |
| No. Stories | 2 |
| Year Built | 2007 |
| Parking Ratio | 2.23/1,000 SF |
| Zoning | LI - Light Industrial with Special Permitting for Retail - 24 hours of operation & Restaurant/Retail, and Car Wash |
ABOUT 1317 MIDDLESEX ST , LOWELL, MA 01851
1317 Middlesex Street in Lowell is an investment property consisting of 6 rental bays with four (4) more being built out, two (2) 24/7 self automated car washes, Luke’s Roast Beef (take out only restaurant) and 11 vacuums. The property is currently undergoing adding 4 two bedroom apartments on the second level and obtaining permits to add a second level above the car wash and additional rental bays for additional apartments. The property’s cost analysis is valued at $3.8 million. The property is built on 0.50 acres right outside the center of Lowell. The multi storied building is 12,000 square feet with 6 garage bays, with 5 occupied with 4 more bays being built. The property abuts the Riverview Apartments to the rear which houses up to 510 UMASS Lowell Students. They have historically used the car washes and Luke’s Roast Beef frequently while semesters are in session. The property’s cost analysis is valued at $3.8 million. The property has historically run on a cash basis.
PROPERTY TAXES
| Parcel Number | LOWE-000086-004085-001317 | Improvements Assessment | $562,200 |
| Land Assessment | $200,300 | Total Assessment | $762,500 |
PROPERTY TAXES
