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197 Market St 1,018 SF 100% Leased Retail Building Lowell, MA 01852 $600,000 ($589.39/SF)
Executive Summary
Exceptional opportunity to own a great building in the heart of Downtown Lowell . This single-story brick building combines historic charm with modern upgrades, featuring a bright, open dining room with soaring 12’ ceilings, exposed brick walls, large storefront windows, and a welcoming bar. The great long term tenant in place with fully equipped kitchen with additional highlights include central AC, gas heat, polished finishes, and a full unfinished basement for storage. Surrounded by shops, offices, and event venues, this location benefits from heavy foot traffic, excellent visibility, and nearby parking. Ideal for launching a new concept or expanding your portfolio, this turnkey property offers unbeatable character, functionality, and investment potential in one of Lowell’s most vibrant districts. A rare find combining character and prime downtown visibility!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,018 SF
Year Built
1880
Price
$600,000
Price Per SF
$589.39
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.48
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
DMU
Frontage
16’ on Market St
Walk Score®
Walker's Paradise (98)
Nearby Major Retailers
Property Taxes
| Parcel Number | LOWE-000159-003905-000197 | Improvements Assessment | $230,600 |
| Land Assessment | $115,000 | Total Assessment | $345,600 |
Property Taxes
Parcel Number
LOWE-000159-003905-000197
Land Assessment
$115,000
Improvements Assessment
$230,600
Total Assessment
$345,600
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197 Market St
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