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High Visibility Automotive Showroom/Warehouse 1375 Middlesex St

8,716 SF Retail Building Lowell, MA 01851 $1,995,000 ($229/SF) 6.60% Cap Rate

Investment Highlights

  • 8,716 SF industrial building
  • Turnkey Dealership/ Auto Repair
  • Zoned Light Industrial
  • 75 Car capacity
  • 0.49 Acre Lot
  • 16ft Ceiling Height

Executive Summary

1375 Middlesex is an 8,716-square-foot building on 0.49 acres with Light Industrial zoning. It is currently operated as an automotive showroom, service, and dealership, and it is seen by 21,000 vehicles daily on Middlesex Avenue. The property features 16-foot ceiling heights, making it suitable for automotive lifts, storage, or large equipment. It's ideal for a dealership or automotive repair business, accommodating 75 vehicles. The facility is located in the Lowell/Chelmsford Submarket, offering excellent market access to the greater Lowell trade area, University of Massachusetts - Lowell, Route 3, and Route 495. The property will be delivered vacant at closing.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
8,716 SF
Building Class
C
Year Built
1960
Price
$1,995,000
Price Per SF
$229
Cap Rate
6.60%
NOI
$131,670
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.73 AC
Zoning
IA, Lowell
Parking
25 Spaces (2.87 Spaces per 1,000 SF Leased)
Frontage
148 FT on Middlesex

Amenities

  • Signage

Nearby Major Retailers

Starbucks
TD Bank
Market Basket
Santander
Bonchon
Jazzercise
Boston Market

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
LOWE-000071-004085-001375
Land Assessment
$188,700
Improvements Assessment
$421,900
Total Assessment
$610,600
  • Listing ID: 31878685

  • Date on Market: 5/21/2024

  • Last Updated:

  • Address: 1375 Middlesex St, Lowell, MA 01851

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