284-292 Lowell St
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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
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
Amenities
- 24 Hour Access
- Corner Lot
- Fenced Lot
- Signage
- Air Conditioning
Walk Score ®
Very Walkable (85)
PROPERTY TAXES
Parcel Number | LAWR-000166-000000-000066 | Total Assessment | $453,600 (2024) |
Land Assessment | $179,900 (2024) | Annual Taxes | ($1) ($0.00/SF) |
Improvements Assessment | $273,700 (2024) | Tax Year | 2023 |
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
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284-292 Lowell St
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