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284-292 Lowell St

6,600 SF 50% Leased Retail Building Lawrence, MA 01841 $1,200,000 ($182/SF)

Investment Highlights

  • Corner Location
  • New Rail Trail Now Under Construction
  • Copy link to Google Pictures: https://photos.app.goo.gl/c4WAZJKmmvBAZ1hj9
  • Location in Lawrence Downtown Crossing Area
  • Near Oxford Street Park

Executive Summary

Have 2 tenants now, I personally used 3 units myself, both tenants are month to month, no lease, one tenant here since I believe 2013 other has been here appx one year plus, both are aware I am going to market property for sale, I already spoke to both just in case they wanted first chance to purchase, Occupancy is hard to put an actual date but I am sure we can work that out I just need to relocate some of my cars and shop equipment and empty anything else. Shop pictures are when I ran my business, current auto repair tenant is not very organized. Operating expense breakdown, Water $991.71 and property insurance $ 5,953.26

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts Under Contract

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,600 SF
Building Class
C
Year Built
1983
Price
$1,200,000
Price Per SF
$182
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.51
Land Acres
0.30 AC
Zoning
I2 - General Industrial District I2
Parking
16 Spaces (2.42 Spaces per 1,000 SF Leased)
Frontage
100 FT on Lowell St

Amenities

  • 24 Hour Access
  • Corner Lot
  • Fenced Lot
  • Signage
  • Air Conditioning
Walk Score ®
Very Walkable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
LAWR-000166-000000-000066
Land Assessment
$179,900 (2024)
Improvements Assessment
$273,700 (2024)
Total Assessment
$453,600 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
  • Listing ID: 32669043

  • Date on Market: 8/2/2024

  • Last Updated:

  • Address: 284-292 Lowell St, Lawrence, MA 01841

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