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429 Riverside St 2,016 SF 100% Leased Retail Building Lowell, MA 01854 $663,062 CAD ($328.90 CAD/SF)
INVESTMENT HIGHLIGHTS
- Two garage doors for easy access
- Office space & small customer waiting area
- Auto lifts included
- Heavy traffic count
EXECUTIVE SUMMARY
Property is back on the market due to prior buyers’ inability to secure financing. This former auto repair shop on a high traffic street provides a prime opportunity to own a well-located, immediate income-producing business. The 7,170 SF lot is located near to the Lowell/Dracut line and is within walking distance of the UMass Lowell North Campus. Previously operated as an auto repair and towing business, the property frontage spans Lafayette to New York Streets. The building features two garage doors, three auto lifts, an office, a small customer waiting area, restroom, as well as off-street parking. The adjacent property at 10 Lafayette Street is also available for purchase; a 2-bedroom, 1-bathroom ranch-style single-family home on a 6,010 SF lot.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,016 SF
Building Class
B
Year Built/Renovated
1955/1968
Price
$663,062 CAD
Price Per SF
$328.90 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.28
Lot Size
0.16 AC
Zoning
TTF
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | LOWE-000113-004980-000429 | Improvements Assessment | $152,043 CAD |
| Land Assessment | $142,461 CAD | Total Assessment | $294,504 CAD |
PROPERTY TAXES
Parcel Number
LOWE-000113-004980-000429
Land Assessment
$142,461 CAD
Improvements Assessment
$152,043 CAD
Total Assessment
$294,504 CAD
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429 Riverside St
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