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Cobblestones Restaurant 91 Dutton St 13 000 pi² Commerce de détail Immeuble Lowell, MA 01852 À vendre

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Résumé de l'annonce

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.