617-239-3600
91 Dutton St, Lowell, MA for Sale
Restaurant - FOR SALE
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91 Dutton St
Lowell, MA 01852
The Acre


OVERVIEW

Atlantic Capital Partners Partners is pleased to present the opportunity to acquire 91 Dutton Street, a landmark restaurant property located at one of the most prominent intersections in downtown Lowell, MA. Known locally as the historic Yorick Building, the asset has been home to Cobblestones for 32 years and represents a rare generational offering in the heart of one of Massachusetts’ most vibrant historic mill cities. Constructed circa 1860, the property consists of approximately 13,034 square feet across three levels plus a basement on an 8,634-square-foot parcel. The first floor features a 7,000-square-foot restaurant and bar with 150 seats and an outdoor patio, while the upper floors contain additional kitchen, event, and function space capable of hosting gatherings of up to 100 guests, complemented by a large basement level currently used for storage and formerly operated as a speakeasy-style lounge. Situated just steps from Lowell City Hall at the intersection of Dutton and Merrimack Streets, the property benefits from its proximity to major demand drivers including University of Massachusetts Lowell, which enrolls nearly 17,000 students, as well as destinations such as Tsongas Center, the Lowell Memorial Auditorium, and numerous other entertainment venues and visitor destinations. With the asset being sold by the current operator, future ownership will have the flexibility to continue restaurant operations through a potential sale-leaseback or reposition the property through adaptive reuse, leveraging the building’s existing hospitality infrastructure. Additionally, the site’s Downtown Mixed Use (DMU) zoning, which allows buildings of up to seven stories or approximately 85 feet by right, provides a compelling long-term opportunity to reimagine the property and capitalize on the continued growth and densification occurring throughout downtown Lowell.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Cobblestones Restaurant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1860

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,368 SF

ZONING

DMU

APN/PARCEL ID

LOWE-000159-001915-000091

ASK ABOUT THIS PROPERTY

Matt EricsonAtlantic Capital PartnersMore Info
617-239-3600

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Matt EricsonAtlantic Capital PartnersMore Info
617-239-3600

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