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Cobblestones Restaurant 91 Dutton St 13,000 SF Retail Building Lowell, MA 01852 For Sale
Executive Summary
Atlantic Capital Partners Partners is pleased to present the opportunity to acquire 91 Dutton Street, a landmark restaurant property located at one of the most prominent intersections in downtown Lowell, MA. Known locally as the historic Yorick Building, the asset has been home to Cobblestones for 32 years and represents a rare generational offering in the heart of one of Massachusetts’ most vibrant historic mill cities. Constructed circa 1860, the property consists of approximately 13,034 square feet across three levels plus a basement on an 8,634-square-foot parcel. The first floor features a 7,000-square-foot restaurant and bar with 150 seats and an outdoor patio, while the upper floors contain additional kitchen, event, and function space capable of hosting gatherings of up to 100 guests, complemented by a large basement level currently used for storage and formerly operated as a speakeasy-style lounge.
Situated just steps from Lowell City Hall at the intersection of Dutton and Merrimack Streets, the property benefits from its proximity to major demand drivers including University of Massachusetts Lowell, which enrolls nearly 17,000 students, as well as destinations such as Tsongas Center, the Lowell Memorial Auditorium, and numerous other entertainment venues and visitor destinations. With the asset being sold by the current operator, future ownership will have the flexibility to continue restaurant operations through a potential sale-leaseback or reposition the property through adaptive reuse, leveraging the building’s existing hospitality infrastructure. Additionally, the site’s Downtown Mixed Use (DMU) zoning, which allows buildings of up to seven stories or approximately 85 feet by right, provides a compelling long-term opportunity to reimagine the property and capitalize on the continued growth and densification occurring throughout downtown Lowell.
Situated just steps from Lowell City Hall at the intersection of Dutton and Merrimack Streets, the property benefits from its proximity to major demand drivers including University of Massachusetts Lowell, which enrolls nearly 17,000 students, as well as destinations such as Tsongas Center, the Lowell Memorial Auditorium, and numerous other entertainment venues and visitor destinations. With the asset being sold by the current operator, future ownership will have the flexibility to continue restaurant operations through a potential sale-leaseback or reposition the property through adaptive reuse, leveraging the building’s existing hospitality infrastructure. Additionally, the site’s Downtown Mixed Use (DMU) zoning, which allows buildings of up to seven stories or approximately 85 feet by right, provides a compelling long-term opportunity to reimagine the property and capitalize on the continued growth and densification occurring throughout downtown Lowell.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
13,000 SF
Year Built
1860
Tenancy
Single
Building Height
3 Stories
Building FAR
1.55
Lot Size
0.19 AC
Opportunity Zone
Yes
Zoning
DMU
Frontage
Exceptionally walkable
100/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | LOWE-000159-001915-000091 | Improvements Assessment | $1,078,963 CAD |
| Land Assessment | $311,284 CAD | Total Assessment | $1,390,247 CAD |
Property Taxes
Parcel Number
LOWE-000159-001915-000091
Land Assessment
$311,284 CAD
Improvements Assessment
$1,078,963 CAD
Total Assessment
$1,390,247 CAD
Contacts
-
Matt Ericson -
Mary Powers -
Justin Smith -
Danielle Turpin -
Atlantic Capital Partners
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Cobblestones Restaurant | 91 Dutton St
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