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Mixed-Use Building for Sale Prime mixed-use investment opportunity in the heart of downtown Manchester at 62 Lowell Street. Gorgeous brick building features a fully built-out, turn-key restaurant on the first floor and brand-new, 9 fully rented residential apartments on the second floor. The ground-floor commercial space was formerly operated as a full-service restaurant and bar and is being sold with a complete commercial kitchen, if desired, including hood system, walk-in coolers, major appliances, dishes, cookware, and equipment. The dining room seats approximately 180 guests, plus a fully built-out bar with seating for about 15+ patrons. The open layout can accommodate a wide range of concepts, from casual to upscale dining, nightlife, events, or other commercial uses. Upstairs, the second floor offers brand-new, beautifully finished residential units that are fully leased, providing immediate income for an investor. The residential mix includes: • 1 studio • 1 one-bedroom apartment • 7 two-bedroom apartments All units are modern, attractive, and “ready to roll, ” making this an exceptional turnkey opportunity. Located in a high-visibility downtown location with heavy foot traffic & close proximity to the arena, nightlife, restaurants, and cultural attractions, 62 Lowell Street offers outstanding potential for both owner-occupants and investors. A rare chance to acquire a stabilized, income-producing property with a fully equipped restaurant space included. Broker Interest
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2/6/2026Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,400,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,720,000 | $2,720,000 | $2,720,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 5.875% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.021% | 5.996% | 5.932% |
| Monthly Tax Payment | $2,255 | $2,255 | $2,255 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $14,810 | $16,090 | $22,587 |
| Total Monthly Payment | $17,190 | $18,470 | $24,967 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.