32 Lowell St - Churches FOR SALE


Reading, MA 01867
$1,495,000 USD
617-674-2043
32 Lowell St, Reading, MA for Sale
$1,495,000 USD
Churches - FOR SALE
1/19
null | Request Cap Rate

Jul '26


32 Lowell St
Reading, MA 01867


HIGHLIGHTS

  • 7,041 SF | Late Gothic Revival Limestone & Granite Construction
  • Lot: 21,175 SF (0.49 Acres) | Intersection of Routes 28 & 129
  • Zoning: S-15 | Special Purpose — Education, Institutional, Non-Profit, Civic, Residential Conversion
  • Massachusetts Historic Register | Potential Historic Tax Credit Eligibility
  • Estimated Occupancy Capacity: 270
  • Stone Facade Restoration Completed by Seller Prior to Closing

OVERVIEW

32 Lowell Street is a singular opportunity to acquire one of Reading's most architecturally distinguished and historically significant buildings — a 7,041 SF Late Gothic Revival limestone and granite structure designed by noted architect George H. Sidebottom in 1913 for the First Church of Christ, Scientist. Listed on the Massachusetts Historic Register, the property sits at the prime intersection of Routes 28 and 129 in the heart of Reading's town center, just 0.33 miles from the Reading MBTA Commuter Rail Station, with a Walk Score of 81. Seller is completing stone facade restoration prior to closing, delivering a fully remediated, move-in ready asset to the buyer. Sited on a 21,175 SF (0.49-acre) lot and zoned S-15, the property accommodates a broad range of special purpose, institutional, and educational uses. With a soaring sanctuary space, multiple ancillary rooms, and an estimated occupancy capacity of 270, the building is ideally configured for performing arts and enrichment schools, tutoring and learning centers, yoga and wellness studios, martial arts academies, professional association headquarters, non-profit organizations, and institutional or civic uses. The property's Massachusetts Historic Register status also makes it a compelling candidate for a high-quality residential conversion, with potential eligibility for state and federal historic tax credits that can meaningfully reduce acquisition and renovation costs. Most recently operated as a fine arts school following its prior life as a church, the building's flexible interior has demonstrated its adaptability across multiple uses. Its downtown Reading location — walkable to retail, restaurants, and commuter rail — makes it particularly well-suited for uses that draw from a regional audience without requiring extensive on-site parking. Property Highlights 7,041 SF | Late Gothic Revival Limestone & Granite Construction Lot: 21,175 SF (0.49 Acres) | Intersection of Routes 28 & 129 Zoning: S-15 | Special Purpose — Education, Institutional, Non-Profit, Civic, Residential Conversion Massachusetts Historic Register | Potential Historic Tax Credit Eligibility Estimated Occupancy Capacity: 270 Stone Facade Restoration Completed by Seller Prior to Closing 0.33 Miles to Reading MBTA Commuter Rail | Walk Score: 81 Architect: George H. Sidebottom (1913) | Originally Developed by First Church of Christ, Scientist Real Estate Taxes (2024): $10,315 Ideal For: Performing Arts & Enrichment School · Tutoring & Learning Center · Yoga, Wellness & Fitness Studio · Martial Arts Academy · Non-Profit Headquarters · Professional or Civic Association · Institutional or Cultural Use · Luxury Residential Conversion (Historic Tax Credits May Apply)

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$212 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Historic Special Purpose Building | S-15 Zoni

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Churches

ADD'L SUBTYPES

Lodge/Meeting Hall, Schools

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1913

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,175 SF

ZONING

S15

APN/PARCEL ID

READ-000021-000000-000228

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Jeremy CyrierMANSARD COMMERCIAL PROPERTIESMore Info
617-674-2043

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Jeremy CyrierMANSARD COMMERCIAL PROPERTIESMore Info
617-674-2043

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.