Multifamily Housing
810 Central Street Lowell, MA 01852
Details & Description
Price: $1,200,000
    Mixed Use Residential-Retail - 6 unit mixed use. 5 res units Valued at $225,000/unit. A convenience store Paying $60K/yr rent One Family Proudly Owned since 1932. Value Add property. One of the legal residential units is being used as storage area for the convivence store.The Seller would prefer that this transaction include both the Real Estate @ $1.2M and the Business @ $1.1M for a Price of $2,300,000.The opportunity to purchase the convivence store business with an estimated value of $1,095,000and run it yourself or sell the business and lease store to the new business owner.Current three (3) brother ownership of both the Real Estate and Convenience Store Business has been in placesince 1974 and each of the families has prospered and enjoyed this business enterprise.
    Property Highlights
    Listing Agents
    Duncan Chapman

    O: 978-840-9000
    M: 978-621-1290
    duncan@kw.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    810 Central Street

    Lowell, MA 01852

    Listing ID: 266269
    • 810 Central Street Lowell, MA 01852 | for Sale | Photo 1
    • 810 Central Street Lowell, MA 01852 | for Sale | Photo 2
    810 Central Street | for Sale | Thumbnail 1
    810 Central Street | for Sale | Thumbnail 2
    Building Size: 12,109 SF
    Lot Size: 0.149 AC
    Land Size: 6,501 SF
    Building $/SF: $99.10
    Land $/SF: $184.59
    Price
    $1,200,000
    Property Highlights
    Value-Add Property
    This Lowell MA property qualifies for MA Gateway City Housing Development Investment Program HDIP
    The Store is a central part of The Neighborhood.
    Store Financials available to qualified buyers with NDA
    Location - Location- Location
    Real Estate first year Income $96,700yr. Projected Market Income $$127,200yr
    The Convivence Store Business can be purchased with or without the real estate
    Description

    Mixed Use Residential-Retail - 6 unit mixed use. 5 res units Valued at $225,000/unit. A convenience store Paying $60K/yr rent One Family Proudly Owned since 1932. Value Add property. One of the legal residential units is being used as storage area for the convivence store.

    The Seller would prefer that this transaction include both the Real Estate @ $1.2M and the Business @ $1.1M for a Price of $2,300,000.

    The opportunity to purchase the convivence store business with an estimated value of $1,095,000

    and run it yourself or sell the business and lease store to the new business owner.

    Current three (3) brother ownership of both the Real Estate and Convenience Store Business has been in place

    since 1974 and each of the families has prospered and enjoyed this business enterprise.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Boston History of Multifamily Housing for Sale

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    Lowell Area Market Trends

    Listing Demographics for 810 Central Street Lowell, MA 01852

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population35,858139,430211,032
    Population Median Age353638
    Population by Age0-9 Yrs5014 (13%)16987 (12%)24741 (11%)
    10-19 Yrs4662 (13%)18590 (13%)27682 (13%)
    20-29 Yrs5706 (15%)25264 (18%)32596 (15%)
    30-39 Yrs5830 (16%)19467 (13%)28440 (13%)
    40-49 Yrs4713 (13%)17033 (12%)26881 (12%)
    50-59 Yrs4284 (11%)18037 (12%)29282 (13%)
    60-69 Yrs3318 (9%)13580 (9%)22649 (10%)
    70+ Yrs2332 (6%)10472 (7%)18760 (8%)
    Median HH Income$44,043$62,013$74,593
    Total Household Income< 24K4649 (33%)11800 (23%)14767 (19%)
    25-49K2767 (19%)9098 (18%)12683 (16%)
    50-74K1997 (14%)7592 (15%)10847 (14%)
    75-99K1609 (11%)6737 (13%)10062 (13%)
    100-199K2445 (17%)11619 (23%)21470 (28%)
    200K+374 (2%)2461 (4%)6427 (8%)
    Highest Education LevelNo Diploma53731455717874
    Diploma or GED80373027843394
    Some College37101531423782
    Assoc. Degree1367599110244
    Bachelors Degree32441439327218
    Higher Degree1820968518907
    Total Housing Units14,56952,16880,028
    --Owner-Occupied4,56923,71645,332
    --Renter-Occupied9,27225,59130,924
    Owner-Occupied Values< 100K1316731187
    100-199K112437855277
    200-299K1778803911982
    300-399K897641112831
    400-499K41329957748
    500K+22618136307
    Total Working Age Population28,093113,027171,642
    In Work Force18,14375,173115,286
    Not In Work Force9,94937,85456,356
    Workforce Employed16,95570,977109,207
    Workforce Unemployed1,1884,1946,046
    Civlian Workforce18,14375,171115,253
    Military Workforce0233
    Total Households13,84149,30776,256
    Family Households7,56330,80849,750
    Non-Family Households6,27818,49826,506
    Married Couple4,10118,84233,715
    Other Family3,46211,96716,035
    Married w/Child1,9147,85213,748
    Single Male w/Child3599221,345
    Single Female w/Child1,5404,7036,255

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Massachusetts6,349,097+36,547,629+66,933,887+47,225,472
    Essex County723,419+3743,159+6790,035+3816,022
    Middlesex County1,465,396+31,503,085+71,613,961+51,686,641
    New Hampshire1,235,786+71,316,470+31,349,908+41,402,878
    Hillsborough County380,841+5400,721+2409,478+4424,492

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 810 Central Street in Lowell?
    The asking price for 810 Central Street is $1,200,000
    What is the building size of this Multifamily property in Lowell, MA?
    The size of the building/unit at 810 Central Street in Lowell is 12,109 square feet
    How much land does the Lowell, MA property at 810 Central Street include?
    810 Central Street in Lowell includes 0.149 acres of land
    What is the population within 1 mile of 810 Central Street in Lowell?
    The population within 1 mile of 810 Central Street Lowell, MA 01852 is 35,858 people.
    Who do I contact for questions about 810 Central Street?
    You should contact the listing agent, Duncan Chapman, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Manchester-Boston Regional Airport (MHT) 22
    General Edward Lawrence Logan International Airport (BOS) 24
    Theodore Francis Green State Airport (PVD) 63