Convenience Store Business within Mixed Use Residential-Retail Property

Description:

Mixed Use Residential-Retail - 5 unit mixed use. 4 res units A convenience store Paying $60K/yr rent One Family Proudly Owned since 1932. One legal residential unit is being used as storage area for the convivence store. The Sellers would prefer that this transaction include both the Real Estate and Business for a Price of $2,300,000. The opportunity to purchase the convivence store business with an estimated value of $1,400,000 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.


The property is located in the southeast corner of the City of Lowell MA. Three (3) mins to the highway intersection of I-495 & Rte 3. This mixed-use commercial property is in a well establish historic neighborhood. It is only five blocks from the main artery leading to the Lowell Connector that takes you to the Interstate.


Convenience store offered at $1,400,000
The convenience store pays $60K/year rent. Is one family proudly owned since 1932.
The opportunity to purchase a convenience store with an annual revenue of over $1.4 million
Current three brother ownership of convenience store business has been in place since 1974 and each of the families has prospered and enjoyed this business enterprise.
Location – location – location – The store is a central part of “The Neighborhood”
Store financials available to qualified buyers with NDA
Gross Annual Revenue $1.4M
Real Estate first year Income $96,700/yr. Projected Market Income $$127,200/yr
The Store is a central part of "The Neighborhood".
The Convivence Store Business can be purchased with or without the real estate
Store Financials available to qualified buyers with NDA