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1418 Middlesex St
Lowell, MA 01851
Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Auto Dealership
Building Size
6,440 SF
Building Class
C
Year Built/Renovated
1955/2005
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.04
Lot Size
3.83 AC
Zoning
IA000
Parking
110 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
354’ on Middlesex Street

AMENITIES

  • Signage
  • Air Conditioning

ABOUT 1418 MIDDLESEX ST , LOWELL, MA 01851

This property is zoned for Marijuana Cultivation Facility. Opportunity to own two income generating businesses. The first well established business is a specialty auto parts store specializing in alarms, starters, tires and rims, audio, tint and graphics among many other product lines. The property consists of a 3.8 acre lot with 354 feet of frontage on a highly traveled corridor with a 5,720 square foot building with a 3000 square foot showroom and several bays with lift for auto repair / installation of products. This highly profitable business has revenues of $1,002,000 and a cash flow of $486,000 and has 40 years of goodwill with an excellent reputation for customer service and a loyal clientele. In addition to the specialty auto parts business there is a 720 square foot building with 65 approved spaces to sell cars, with potential to add 40 more spaces. This space is leased to a highly profitable auto dealer at $5,500 / month. Additional revenue from Billboard onsite. Will sell real estate only for reduced price. Subdivision possible or keep both businesses. Zoned for auto sales / repair + other industrial uses.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
LOWE-000072-004085-001418
Land Assessment
$265,600
Improvements Assessment
$289,200
Total Assessment
$554,800
  • Listing ID: 14557964

  • Date on Market: 12/5/2018

  • Last Updated:

  • Address: 1418 Middlesex St, Lowell, MA 01851

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