SQUARE FEET25,535
MLS#73512139
STATUSActive
PROPERTY TYPECommercial - Industrial
Property Description
Well-maintained, recently upgraded light industrial/retail/office building offering in-place income with upside. Approximately two-thirds of the property is leased to a national tenant under a 5-year NNN lease for warehousing and inventory, with additional space available for lease or owner occupancy. Warehousing (leased): 18,335 SF, Retail/Office (available): 5,000+/- SF, Rear warehousing/storage (available): 2,000+/- SF. Recent capital improvements include roof, HVAC, electrical, and fire protection upgrades??helping reduce near-term capital needs for new ownership. Located on a high-visibility state highway with strong access and on-site parking. An ideal opportunity for investors seeking stable cash flow with additional leasing/occupancy upside, and for owner-users who can occupy available space while offsetting ownership costs with income from the existing cash flow.
Property Features
Property Type: Commercial - Industrial
Lot Size: 1.23 Acres
Taxes: $32,052
Year Built: 1920
Feature Descriptions
Building Area Total: 25535
Business Type: Industrial
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 80
Parcel Number: 3189754
Rental Term: Monthly
Utilities: Public Water, Public Sewer, Natural Gas Available,220 Volts, Three Phase
Listed By / Shown By
Listed By
Agency Name: The Edge Group, Inc.
Agent Name: Vladimir Saldana
Agency Phone: 978-458-8822
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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31 First Street Boulevard | MLS# 73512139
This commercial property located at 31 First Street Boulevard, Lowell, MA 01850 is currently listed for sale with an asking price of $2,590,000. Search Lowell real estate on www.masiellogrouprealestate.com today.