Unique investment opportunity with eminent potential! High visibility due to being located in a high traffic area. Three properties are being sold as a package. 49 Lowell Street (a 2-level brick office building), 49A Lowell Street (a separate and fully equipped restaurant) and located across the street 48 Lowell Street (parking lot for approx. 20 plus cars). Excellent for expansion & development with the possibility to add additional floors to the restaurant. Development potential at 48 Lowell Street parking lot. Buyer/buyer’s Agent to perform your own due diligence.

Property Details

Price:
$2,499,000
MLS #:
73203165
Status:
Active
Beds:
0
Baths:
0
Address:
48-49-49A Lowell St
Type:
Commercial
City:
Peabody
Listed Date:
Feb 16, 2024
State:
MA
ZIP:
01960
Lot Size:
17,351 sqft / 0.40 acres (approx)
Year Built:
1950

Schools

Interior

Exterior

Parking Spots
20

Financial

Buyer Agent Compensation
2%
Tax Year
2023
Taxes
$19,399

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CRP: Certified Relocation Professional
CRS: Certified Residential Specialist
GRI: Graduate of Realtors Institute
CBR: Certified Buyers Representative
BSBA: Bachelor of Science in Business Administration. Babson College 1979
MBA: Master of Business Administration. Babson College 2002

James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…

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48-49-49A Lowell St
Peabody, MA