1317 Middlesex St, Lowell, Massachusetts 01851

$1,799,900

Listing Courtesy of : Tom Courtney ---- LAER Realty Partners 6929292

List Price
$1,799,900
Price Change
▼ $99,100 1675902158
Status
PRICE CHANGED
MLS#
73069045
Lot Size (Acres)
0.54
Year Built
2007

Property Description

Multi - use investment property with a cap rate of 12. Three separate buildings with total of 18,000 square feet. Building one is a 2 bay Mark VII 24/7 self-automated touchless car wash and commercial kitchen currently a take-out restaurant. Building 2 is 5 self-clean bay car wash units. Building 3 is 5 rented industrial bay units with office / storage units on 2nd floor. 11-coin operated vacuums and additional parking. Marijuana cultivation, manufacturing or testing is an allowed use. This property abuts the entrance to the Riverview apartments which houses 1000 UMASS students. Great potential to increase revenue with current infrastructure or add additional square footage which seller planned for when developing the site.

Additional Information

Taxes
$18,400
Parking Spaces
30
Buyer Agency Compensation
2.0
Other Agent Compensation
2.0
Compensation Based On
Net Sale Price
Sub Agency Offered
No

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