19 Merrimack StreetLowell, MA 01852MLS Number 72317120

  • Price: $950,000
  • 23 Days on Market
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Federal 30-year interest rate: 3.94% last updated on Dec 21, 2017
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 0.16Acreage
  • 1880Year Built
  • 5622Square Feet

Driving Directions

Now fully occupied and in prime downtown location! This is the perfect investment opportunity for someone looking for a building with very low maintenance and that is occupied with tenants holding long term leases. The leases for both tenants are NNN. The building has recently been improved with new 800 amp 3 phase electrical service, brand new rubber roofs for the entire building, (2) new 8.5 and 10 ton HVAC units , Fire alarm system etc... The property extends from Merrimack St. in front to Paige St. in the rear for dual sided access to the building. The cap rate on this property is 6.75%. Call listing agent for additional details.

Listed by Varujan Abalian of 1 Plus 1 Realty LLC.

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More Info

Basic Information

  • List Price$950,000
  • StatusACT
  • Year Built SourcePublic Record
  • Year Built1880
  • Lease TypeTriple Net Lease (NNN)
  • LeaseNo
  • Date Listed04/29/2018
  • DirectionDowntown Lowell
  • MLS Number72317120
  • Status Date2018-04-29T16:36:00

Interior

  • Ceiling Height11

Utilities

  • UtilitiesPublic Water, Public Sewer

Photos

  • Photo Date2018-04-29T16:39:00
  • Number of Photos6

Other

  • Modification Date2018-05-16T15:48:00
  • Certificate Number33450
  • Property TypeCommercial
  • Listing AlertNo
  • DisclosureNo
  • Book28421
  • Listing AgreementExclusive Right to Sell
  • Prop TypeCI
  • Ref Bldg Sf5622
  • ExclusionsTenant's belongings and furnishings.
  • Plat PlanYes
  • ExchangeNo
  • Firm Rmk1The building is tenanted and the vacant side is under construction for new Walgreen's tenant. Existing tenant at 19 Merrimack St. has 1st right of refusal. Do not disturb tenants. Call or text listing agent Varujan Abalian at (617) 733-7754 for info.
  • Parcel NumberM:178 B:4060 L:19
  • Page207

Location

  • Street No19-25
  • Building Number19
  • StreetMerrimack Street
  • Zip01852
  • Zip Code 41721
  • StateMA
  • CountyMiddlesex
  • LocationDowntown, Free Standing, Public Transportation, Central Business District
  • TownLowell

Property

  • Acreage0.16
  • Parking Spaces
  • Space AvailableFor Sale
  • SubletNo
  • Lot Size6987
  • Assessed Value Land152200
  • Main LoAN4438
  • Square Feet5622

Building

  • No Units2
  • No Buildings2
  • No Of Restrooms6
  • No Stories1
  • SprinklersYes
  • Total Units2
  • Total Bldg Sf5622
  • Entry OnlyNo
  • ElevatorNo
  • Assessed Value Bldg326600
  • Reu Units2

Exterior

  • ConstructionBrick, Frame
  • Roof MaterialMembrane
CENTURY 21 Advance Realty
Office: 781-395-2121
284 Salem Street
Medford, MA 02115

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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