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You are here:
626 Days on Boston Pads
12 Photos
$1,250,000
Type: Mixed Use
Lease Type N/A
5740 Bldg. SQFT
Restrooms: N/A
Parking: N/A
42 Mammoth Rd
Lowell, MA 01854

Property Description

LOCATION, LOCATION, LOCATION! Opportunity to own a turnkey mixed use investment in downtown Lowell. Situated on a main street with high visibility, which is perfect for commercial spaces. Located next to TD bank and McDonald’s, Domino’s, gas station, church and near elementary school and LGH hospital. Less than a 6 minute drive or 20 minute walk to Umass Lowell. Near Lowell MBTA commuter rail and highway. Potential to put your own business in one of the 4 commercial spaces and own the whole building. Or just collect rent from all units. There are 4 two bedroom units and 4 retail store fronts generating over 92K a year gross with room to increase rents and generate a cap rate of over 7%. The building features vinyl siding. Owner have made many upgrades too long to list here, including brand new 2022 roof, security cameras. The interior was gutted in 1992. At the time all plumbing, electrical, insulation and drywall were replaced. All residential units have washer/dryer.

Property Overview

Property Details click or tap to expand

Property Information

  • Type: Mixed Use
  • Location: Legal Conforming
  • MLS ID#: 73075924

Financial

  • Gross Annual Expenses: 15804
  • Gross Annual Income: 92040
  • Net Operating Income: 76236

Building Information

  • Total SQFT: 5740

Construction & Utilities

  • Utilities: 110 Volts, 220 Volts, Natural Gas, Public Sewer, Public Water

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
05/02/2024Canceled$1,250,000$218MLSPIN
05/01/2024Sold$1,285,000$224MLSPIN
03/08/2024Under Agreement$1,250,000$218MLSPIN
03/08/2024Under Agreement$1,250,000$218MLSPIN
03/04/2024Active$1,250,000$218MLSPIN
03/04/2024Active$1,250,000$218MLSPIN
02/29/2024New$1,250,000$218MLSPIN
02/29/2024New$1,250,000$218MLSPIN
02/06/2023Active$1,250,000$218MLSPIN
02/02/2023New$1,250,000$218MLSPIN
02/01/2023Expired$1,250,000$218MLSPIN
10/25/2022Active$1,250,000$218MLSPIN
10/21/2022New$1,250,000$218MLSPIN

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Map & Resources

University of Massachusetts Lowell

University

0.15mi

University of Massachusetts Lowell North Campus

University

0.15mi

Joseph McAvinnue School

Public Elementary School, Grades: PK-4

0.2mi

University Crossing

University

0.31mi

Ste Jeanne d'Arc School

Private School, Grades: K-8

0.32mi

St. Jeanne D'Arc Elementary School

Private School, Grades: PK-8

0.32mi

University of Massachusetts Lowell East Campus

University

0.44mi

Bartlett Community Partnership School

Public Elementary School, Grades: PK-8

0.47mi

Charlie's

Bar

0.64mi

Starbucks

Coffee Shop

0.22mi

Einstein's Bagels

Cafe

0.36mi

McDonald's

Burger (Fast Food)

0.16mi

Cumnock Marketplace

Restaurant

0.28mi

Crossroads Cafe

Coffee Shop & Pizza Restaurant

0.36mi

Egyptian Grill

Egyptian Restaurant

0.38mi

University Dining Commons

Restaurant

0.53mi

Lowell General Hospital

Hospital

0.52mi

Solomon Mental Health Center

Hospital

0.83mi

Lowell Fire Prevention Bureau

Fire Station

0.16mi

Lowell Fire Department

Fire Station

0.88mi

Lowell Fire Department

Fire Station

1.04mi

Lowell Fire Department

Fire Station

1.07mi

UMass Lowell University Police

Police

0.4mi

Lowell Police Department

Police

0.92mi

Whistler House Museum of Art

Museum

0.93mi

Edward A. LeLacheur Park

Stadium

0.62mi

Tsongas Center

Stadium. Sports: Ice Hockey

0.87mi

Costello Athletic Center

Sports Centre

0.39mi

Cushing Field Complex

Sports Centre. Sports: Multi

0.44mi

Cushing Field

Sports Centre. Sports: Soccer, Lacrosse

0.45mi

Campus Recreation Complex

Sports Centre

0.62mi

Campus Recreation Center

Fitness Centre

0.58mi

Planet Fitness

Fitness Centre

0.86mi

Father Maguire Playground

Park

0.16mi

FOOD FIGHT Main Stage

Park

0.22mi

Bourgeois Park

Municipal Park

0.23mi

DJ's & Live Music [Bourgeois Park]

Park

0.24mi

Kuomantzelis Field

Municipal Park

0.31mi

Fells Playground

Municipal Park

0.32mi

Francis Gate Park

Park

0.37mi

Campbell Park

Park

0.37mi

River Greenway

Recreation Ground

0.09mi

Vandenburg Esplanade

Recreation Ground

0.14mi

Bartlett Community Partnership School

Recreation Ground

0.43mi

Moody Street Playground

Playground

0.5mi

Olga Nieves Playground

Playground

0.87mi

Professional Barbers of Lowell

Hairdresser

0.23mi

Fantastic Sams Hair Salon

Hairdresser

0.88mi

Shell

Gas Station

0.53mi

Martin J. Lydon Library

Library

0.2mi

O'Leary Library

Library

0.61mi

Murkland School Library

Library

0.63mi

Health Science Library

Library

0.69mi

Senior Center Branch Library

Library

0.82mi

University Convenience

Convenience

0.21mi

Joe's Kwik Mart

Convenience

0.54mi

Salem St Variety

Convenience

0.55mi

Market Basket

Supermarket

0.76mi

Family Dollar

Variety Store

0.88mi

Seller's Representative: Lynda Le, Thread Real Estate, LLC
MLS ID#: 73075924

© 2024 MLS Property Information Network, Inc.. All rights reserved.

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.

MLS PIN data last updated at 2023-02-06 03:05:00

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