1317 Middlesex St, Lowell, Massachusetts 01851

$1,899,000

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

List Price
$1,899,000
Price Change
▼ $100,999 1674765820
Status
ACTIVE
MLS#
73069045
Lot Size (Acres)
0.54
Year Built
2007

Property Description

Multi - use investment property with a cap rate of 12. Marijuana cultivation, manufacturing and or testing is an approved use subject to site plan approval only! Three separate buildings. 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. 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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