The Lenox Center

Office for Sale
Sale Pending
Catylist Listing ID: 30624160
Property Subtypes: Mixed Use
Status: Pending
Building Size (RSF): 6,592 SF
Gross Land Area: 25,092 SF
Sale Price: $595,000
Unit Price: $90.26 PSF
Ceiling: 10 ft.
Property Use Type: Investment, Vacant/Owner-User
Building Name: The Lenox Center
Class of Space: Class C
Usable Size (USF): 6,592 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 30
Last Updated: 10/14/2020

Overview / Comments

The Lenox is an attractive 6,592 SF building formerly a grand mansion, currently used as 10 office suites and very large residential unit on the third floor. It is located in the Bradford Historic District.
Many interesting features such a grand stairway with incredible wood modeling, beautiful natural wood floors, majestic columns on the exterior with granite stair leading to its attractive front entrance.The facility sets on 24,566 SF.
The current use is non-conforming as the Zoning is RM. The has plenty of parking and an attached 2 car garage.
Great location on South Main Street, Route 125, and only several miles to the I-495, Exit 48.
Potential for conversion to Residential Units with City Approval.

Attachments & Media

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $13,966 (Annual)
Assessed Value - Total($) $568,200 (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Essex
Taxing Authority: City of Haverhill
Tax ID/APN: 725-3-1
Zoning: RM
Property Located Between: Greenleaf and Haseltine Streets
Property Visibility: Excellent
Highway Access: Strategically located on Route 125 I-495 is only minutes away via the Ward Hill ConnectorExit 48. Route I93 is 10 minutes away via Route 213.
Site Description: Beautiful 25,265 SF lot with lots of perenials and trees, the facility sits back off the street overlooking South Main street.
Area Description: The Lenox is situated just down the street from the Historic Buildings currently New England Bible College, many older home as well many large home converted to businesses.
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 2,400 SF
Year Built: 1880
Year Renovated: 2000
Construction/Siding: HardiePlank Siding, Stone, Wood Frame
Exterior Description: This grand building has four 2 story columns on the from of the biulding with an attractve frontt entrance and large widows, (replacements),
Parking Type: Surface
Parking Description: Large paved parking area with a drive-way proving access to the side streets.
Total Parking Spaces: 18
Sprinklers: Wet
Heat Type: Oil
Heat Source: Central
Air Conditioning: Window Unit, Other
Internet Access: Cable
Interior Description: Stepping in from the front door is a gracious large foyer with a beautiful wood stair case and wood paneling and natuaral hardwood floors.
Zoning Description: The Facility is Zoned RM- and is a non-conforming use, however the City may consider allowing te fcilty to be converted to to multi-family use.
Lot Frontage: 134
Lot Depth: 170
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,886 64,717 180,633
Median Age: 36.43 39 37.06
Households: 8,657 25,879 66,105

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