1418 Middlesex St

    Lowell, MA 01851
    • $2,900,000
    • STATUS: Active
    • MLS #: 72365059
    UPDATED: 61 min ago
    $2,900,000
    • 0
      BEDS
    • 3.83
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,440
      SQFT
    • $450
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1955
    County:
    Area:

    School Ratings & Info

    Listing courtesy of The Courtney Group of Laer Realty Partners.

    Description

    Opportunity to own two income generating businesses. The first well established business is a specialty auto parts store specializing in alarms, starters, tires and rims, audio, tint and graphics among many other product lines. The property consists of a 3.8 acre lot with 354 feet of frontage on a highly traveled corridor with a 5,720 square foot building with a 3000 square foot showroom and several bays with lift for auto repair / installation of products. This highly profitable business has revenues of $1,002,000 and a cash flow of $486,000 and has 40 years of goodwill with an excellent reputation for customer service and a loyal clientele. In addition to the specialty auto parts business there is a 720 square foot building with 65 approved spaces to sell cars, with potential to add 40 more spaces. This space is leased to a highly profitable auto dealer at $5,500 / month. Subdivision possible or keep both businesses.

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    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2018-08-18T10:49:21.47.
    www.refinderma.com/homes/85765031

    1418 Middlesex St Lowell, MA 01851

    • Price: $2,900,000
    • Status: Active
    • Updated: 61 min ago
    • MLS #: 72365059
    0
    Beds
    0
    Baths
    0
    ½ Baths
    3.83
    Acres
    6,440
    SQFT
    $450
    $/SQFT
    1955
    Built
    Neighborhood:
    Highlands
    County:
    Middlesex
    Area:
    Highlands
    Property Description
    Opportunity to own two income generating businesses. The first well established business is a specialty auto parts store specializing in alarms, starters, tires and rims, audio, tint and graphics among many other product lines. The property consists of a 3.8 acre lot with 354 feet of frontage on a highly traveled corridor with a 5,720 square foot building with a 3000 square foot showroom and several bays with lift for auto repair / installation of products. This highly profitable business has revenues of $1,002,000 and a cash flow of $486,000 and has 40 years of goodwill with an excellent reputation for customer service and a loyal clientele. In addition to the specialty auto parts business there is a 720 square foot building with 65 approved spaces to sell cars, with potential to add 40 more spaces. This space is leased to a highly profitable auto dealer at $5,500 / month. Subdivision possible or keep both businesses.
    Exterior Features

    Construction Stone/Concrete Depth 836 Driving Doors 3 Frontage 354.00 Loading Docks 0 Location Urban Parking Features Garage21+ SpacesPaved Driveway Parking Spaces 75 Railroad Siding No Roof Material Rubber Site Condition Level Stories 1 Underground Tank No

    Interior Features

    Ceiling Height 17 Elevator No Maf Building Sq Ft 0.00 Ref Building Sq Ft 470.00 Restrooms 2 Rsf Building Sq Ft 0.00 Sprinklers Yes Total Building Sq Ft 6440.00 Waf Building Sq Ft 5470.00

    Property Features

    Assessed Value Building 235000.00 Assessed Value Land 193400.00 Assessed Value Total 428400.00 Commercial Industrial Type Commercial Condo Association No Disclosure No Dividable Yes Exchange No Expandable Yes Gross Annual Income 1000250.00 Handicap Access Yes Lease No Lender Owned No Lien And Encumbent No Mau Units 0 Net Operating Income 486000.00 Ofu Units 4 On File21 E Yes Plat Plan Yes Reu Units 1 Rsu Units 0 Short Sale Lender App Required No Space Available For Sale Special Financing Yes Subdividable Yes Sublet No Survey Yes Tax Year 2016 Taxes 12569.00 Total Units 2 Utilities Public WaterNatural Gas220 Volts Wau Units 1 Year Built Source Pr Zone Description Legal Conforming Zoning Ia000

    Listing information © 2018 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of The Courtney Group of Laer Realty Partners.


    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2018-08-18T10:49:21.47.
     
    Exit Realty
    191 South Main Street
    Middleton MA, 01949
    Listing courtesy of The Courtney Group of Laer Realty Partners.