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The Equity Foundry
403 Andover St, Lowell, MA 01852
- $1,700,000
- 4
- BD
- 5
- BA
- 8,666
- SqFt
- List Price
- $1,700,000
- Status
- NEW
- MLS#
- 73587629
- Bedrooms
- 4
- Bathrooms
- 5
- Full Baths
- 4
- Half Baths
- 1
- Living Area
- 8,666
- Lot Size (Acres)
- 0.63
- Style
- Other (See Remarks)
- Year Built
- 1897
Property Description
Calling all builders, developers, flippers, renovators, investors, and visionaries! This unique property in the sought-after Belvidere section of Lowell offers an exceptional opportunity for redevelopment, investment, or continued use as a church. Conveniently located near major highways, shopping, and area amenities, the property consists of two substantial buildings, each offering more than 4,000 square feet of space, along with a large paved parking area accommodating approximately 45 vehicles. The main building is currently used as a church and features a finished first floor with an open worship area. The finished basement provides additional usable space currently configured as a function room and three bathrooms with stalls, offering flexibility for meetings, gatherings, events, or other uses. The second building is a large rectory with three finished levels plus an unfinished basement. The first floor features multiple offices, a 3/4 bathroom, and laundry area. The second floor includes a kitchen, dining room, living room, and primary bedroom with an en-suite full bathroom, along with an additional half bathroom. The third floor offers three bedrooms and a full bathroom. Both buildings are equipped with central air conditioning, adding comfort and versatility to the existing spaces. With two large structures, substantial parking, multiple finished areas, and a desirable Lowell location, this property presents a wide range of possibilities for the right buyer. Whether you're looking to redevelop the property, renovate and reposition the existing buildings, pursue an investment opportunity, or continue its current use as a church, this property offers tremendous potential. Buyer and buyer’s agent are responsible for conducting all due diligence regarding zoning, permitted uses, redevelopment possibilities, building requirements, and any proposed change of use. Buyers should consult directly with the City of Lowell regarding all future use and development plans.
Additional Information
- Area
- Belvidere
- Taxes
- $18,771
- Interior Features
- Bathroom - Full, Bathroom
- Parking Description
- Paved Drive, Off Street, Paved
- Lot Description
- Corner Lot
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: Team Correia from Listing Office: Keller Williams Realty - Merrimack.
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