21K SF Vacant + Income | 40,359 SF Multi-Purpose Property

Industrial for Sale
Sale Pending
Catylist Listing ID: 30712124
Property Subtypes: Free-Standing, Mixed Use, Other
Status: Pending
Building Size (RSF): 40,359 SF
Gross Building Area: See Agent
Gross Land Area: 3.53 Acres
Sale Price: See Agent
Ceiling: 18.7 ft. Clear
Docks/Doors: 4 Docks
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/6/2021

Overview / Comments

1703 Middlesex Street is a 40,359 SF suburban mixed-use and retail property that is 50% leased and will be delivered with approximately 20,000 SF vacant. The property features 18' clear, 39' column spacing, new LED lighting, roof, HVAC systems, and 4 loading docks accessible to the vacant space. 30%+ rent upside potential by marking rents to market. This property may be ideally suited to a user seeking to own and control their space while generating income from the rest of the building. Property may also suit manufacturing and limited industrial uses with a request of the City for RR zoning and special permit.

Attachments & Media

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Middlesex
Tax ID/APN: 58-4085-1703
Zoning: SMU - SUBURBAN RETAIL & MIXED USE DISTRICT
Highway Access: 1.47 miles to Route 3
Airports: Manchester-Boston Regional Airport 27 miles from property
Site Description: With a lot size of 3.53 acres, the property is located just behind the Advance Auto Parts store Middlesex Street in Lowell, MA. The surrounding area includes Umass Lowell, Collegiate Charter School of Lowell, Henry J Robinson Middle School, and Lowell High School.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1983
Year Renovated: 2016
Roof Type: Flat
Construction/Siding: Steel Frame
Parking Type: Surface
Parking Description: Paving/Asphalt
Column Spacing: 39
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Lighting: LED
Interior Description: 4 loading docks service the vacant space. Grade level doors may be installed as needed.
Zoning Description: SMU - Suburban Mixed-Use
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,704 127,243 207,570
Median Age: 35.81 35.2 37.38
Households: 7,548 46,909 76,339

Contact

Photograph of Listing Agent

Jeremy Cyrier

Mansard NECPE Member
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