For Sale
$130,000

175 Salem StLowell, MA 01854

Iconic 100+ year-old market, ready for expansion.

Overview

Added:
Feb 3
Days on market:
65
Cote's Market, a Lowell institution for over a century, presents a unique business opportunity. This turnkey operation boasts over $85,000 in upgrades within the last six years, including new display coolers, refrigeration units, freezers, and energy-efficient mini-split systems. The business is well-established, renowned for its Famous Cote's Beans, prepared foods, and grocery selection. Significant expansion potential exists with nine pizza ovens already in place. Ancillary systems, including a security system, are fully installed. Ample storage is available, featuring two walk-in coolers, a walk-in freezer, and additional basement storage. The property benefits from a convenient location near UMass Lowell, providing a strong customer base. Sales are further enhanced by the availability of lottery tickets, cigarettes, and EBT payments. Parking is readily available, both on and off-street. A long-term lease is offered, encompassing a five-year initial term with two five-year renewal options. The current owner is willing to provide training to ensure a smooth transition for the new owner. This is a rare chance to acquire a thriving, established business with a rich history and significant growth potential. The 0.21-acre lot provides ample space for operations.

Property Details for 175 Salem St

Property type
Investment properties
Year Built
1917
Lot Size (sq. ft)
9,148 SF

Location Insight

City
Lowell
County
Middlesex
State
Massachusetts
Latitude
42.64911
Longitude
-71.3222
175 Salem St, Lowell, Massachusetts

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175 Salem St
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