19 Merrimack StreetLowell, MA 01852MLS Number 72317120

  • Price: $950,000
  • 206 Days on Market
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Federal 30-year interest rate: 4.94% last updated on Nov 15, 2018
* 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 one that is occupied with tenants holding long term leases. The leases for both tenants, Walgreen's Community Pharmacy and Dudley's Bar and grill , are NNN. The building has recently been improved with a 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 and property. The cap rate on this property is an amazing 9%. Don't miss this chance. Call listing agent now for additional details.

Listed by Varujan Abalian of 1 Plus 1 Realty LLC.

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More Info

Parking

  • Parking Spaces

Building

  • Year Built1880
  • ConstructionBrick, Frame
  • Total Units2
  • Total Bldg Sf5622
  • No Units2
  • Reu Units2
  • No Buildings2
  • No Of Restrooms6
  • No Stories1
  • SprinklersYes
  • Entry OnlyNo
  • ElevatorNo
  • Assessed Value Bldg326600

Basic Information

  • StatusUAG
  • MLS Number72317120
  • Prop TypeCI
  • Status Date2018-10-19T03:07:00
  • Date Listed04/29/2018
  • List Price$950,000
  • Price Per Square Foot$169
  • LeaseNo
  • Lease TypeTriple Net Lease (NNN)
  • DirectionDowntown Lowell

Interior

  • Ceiling Height11

Exterior

  • Roof MaterialMembrane

Utilities

  • UtilitiesPublic Water, Public Sewer

Photos

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

Location

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

Property

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

Other

  • Modification Date2018-11-02T23:37:00
  • Certificate Number33450
  • Property TypeCommercial
  • Listing AlertNo
  • Year Built SourcePublic Record
  • DisclosureNo
  • Book28421
  • Listing AgreementExclusive Right to Sell
  • 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 a 15 day 1st right of refusal. Do not disturb tenants. Call or text listing agent Varujan Abalian at (617) 733-7754 f
  • Page207
  • View Count1
CENTURY 21  Advance Realty
CENTURY 21 Advance Realty
Office: 781-395-2121
284 Salem Street
Medford, MA 02155

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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