Rare opportunity to acquire one of Reading's most architecturally distinguished buildings — a 7,041 SF Late Gothic Revival limestone and granite structure designed by George H. Sidebottom in 1913. Listed on the Massachusetts Historic Register, the property sits at the intersection of Routes 28 & 129, just 0.33 miles from the MBTA Commuter Rail Station (Walk Score: 81). Seller is completing stone facade restoration prior to closing. Zoned S-15 on a 21,175 SF lot with an estimated capacity of 270, the building is ideal for performing arts or enrichment schools, wellness studios, non-profit or civic organizations, and professional associations. Massachusetts Historic Register status creates potential eligibility for state and federal historic tax credits, making residential conversion a compelling option. Real Estate Taxes (2024): $10,315. Seller seeks occupancy through July 31, 2026.
32 Lowell St, Reading, MA, 01867
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB