420 Common StreetLawrence, MA 01840MLS Number 72859176

  • Price: $5,300,000
  • 153 Days on Market
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Federal 30-year interest rate: 3.1% last updated on Nov 24, 2021
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420 Common Street Lawrence MA 01840420 Common Street Lawrence MA 01840420 Common Street Lawrence MA 01840420 Common Street Lawrence MA 01840420 Common Street Lawrence MA 01840420 Common Street Lawrence MA 01840420 Common Street Lawrence MA 01840420 Common Street Lawrence MA 01840420 Common Street Lawrence MA 01840420 Common Street Lawrence MA 01840420 Common Street Lawrence MA 01840420 Common Street Lawrence MA 01840420 Common Street Lawrence MA 01840420 Common Street Lawrence MA 01840420 Common Street Lawrence MA 01840420 Common Street Lawrence MA 01840420 Common Street Lawrence MA 01840420 Common Street Lawrence MA 01840420 Common Street Lawrence MA 01840
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  • 0.22Acreage
  • 1971Year Built
  • 32,292Square Feet

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This three story glass sided/ steel frame office building located across from the Lawrence post office is part of the "Educational Campus" of Northern Essex Community College. Ten year lease with The Commonwealth of Massachusetts for use by Northern Essex Community College and affiliated organizations and activities. The lease conception date was 10/3/2017. The 2020 reported gross income was $295,000 for base rent plus escalator. Annual expenses of $51,895 with an NOI of $243,103.There is a total of 32,292 sq ft.of office space on four levels. The area is vibrant and has had numerous governmental capital improvement investments made and is clean and modern.This is one of four buildings occupied by Northern Essex Community College in the immediate area. (The Lawrence Campus). This is the only building for sale. The property is located in the City of Lawrence Opportunity Zone. (Visit the city Web site for further information). There may be additional capital gains tax benefits for you
Listed by Rod Clermont of RE/MAX Innovative Properties - Nashua

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More Info

Parking

  • Parking Spaces3
  • Parking FeatureOpen, Off Site
  • Total Parking Spaces3

Building

  • Year Built1971
  • ConstructionStone/Concrete, Steel
  • Total Units1
  • Total Bldg Sf32292
  • No Buildings1
  • No Of Restrooms11
  • No Stories3
  • Entry OnlyNo
  • Assessed Value Bldg1569000

Exterior

  • Roof MaterialMembrane

Basic Information

  • MLS Number72859176
  • Prop TypeCI
  • Status Date2021-07-01T15:14:00
  • Date Listed07/01/2021
  • List Price$5,300,000
  • Price Per Square Foot$164
  • LeaseYes
  • Lease Price IncludesBuilding, Land
  • Lease TypeGross
  • DirectionOff Broadway... Corner of Common and Hampshire. Google as there are one-way street in the vicinity
  • MLS StatusActive

Interior

  • Ceiling Height8

Utilities

  • UtilitiesPublic Water, Public Sewer, Natural Gas, 220 Volts

Photos

  • Photo Date2021-07-01T15:14:00
  • Number of Photos19

Other

  • Modification Date2021-07-05T03:05:00
  • Property TypeOffice
  • Listing AlertNo
  • Year Built SourcePublic Record
  • DisclosureNo
  • DisclosuresNone
  • Book4185
  • Listing AgreementExclusive Right to Sell
  • Off Bldg Sf32292
  • ExchangeNo
  • Firm Rmk1Click Here
  • Page291
  • View Count2

Location

  • StreetCommon Street
  • TownLawrence
  • StateMA
  • Zip01840
  • Zip Code 41104
  • CountyEssex
  • LocationDowntown, Free Standing, Corner Lot

Property

  • Acreage0.22
  • Net Operating Inc233103
  • Space AvailableFor Sale
  • Site ConditionDry
  • Square Feet32,292
  • SubletNo
  • Lot23
  • Gross Annual Exp51895
  • Lot Size9570
  • Gross Annual Income285000
  • Condo AssociationNo
  • Assessed Value Land132900
  • Main LoAN3560
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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