32 Lowell StReading, MA 01867

Property Details for 32 Lowell St

Year built

1917

Lot size

0.49 AC

Property size (Sq ft)

7,041 SF

Zone code

S15

Property type

Theaters & concert halls

APN

READ M:021.0-0000-0228.0

APU

READM0210000002280

Description

This exceptional 7,041 square foot building, located at 32 Lowell Street in Reading, Massachusetts, presents a unique investment opportunity. Built in 1913 and designed by George H. Sidebottom in the Late Gothic Revival style, this limestone and granite structure boasts timeless architectural charm. Currently zoned S15, the property offers versatile usage potential for a variety of special purpose applications, including its previous uses as a church and, more recently, a fine arts school. Situated on a sizable 21,175 square foot lot, the property provides ample space for both interior and exterior activities. While the stone facade requires repair or replacement, the building is being sold "as is," offering a chance for customization and renovation. The property is listed on the Massachusetts Historic Register, adding to its unique appeal. The building features two stories and a total of 7,041 square feet of net rentable space. The seller is targeting a June 30, 2025 occupancy date. This prime location within the Boston MSA area presents a compelling opportunity for investors and developers seeking a historic property with significant potential. The property's rich history and versatile zoning make it an ideal candidate for adaptive reuse.

• Alternative Use

  Use

  Valuation

  Residential

  $1,332,433

  Hospitality

  $1,220,501

  Educational

  $1,015,443

  Medical

  $1,050,365

  Retail

  $1,579,577

Location Insight

City

Reading

County

Middlesex

State

Massachusetts

Latitude

42.526

Longitude

-71.1045

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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