31 First Street Boulevard, Lowell, MA 01850
- $2,590,000
- 25,535
- SqFt
- List Price
- $2,590,000
- Status
- ACTIVE
- MLS#
- 73512139
- Living Area
- 25,535
- Lot Size (Acres)
- 1.23
- Year Built
- 1920
Property Description
Well-maintained, recently upgraded light industrial/retail/office building offering in-place income with upside. Approximately two-thirds of the property is leased to a national tenant under a 5-year NNN lease for warehousing and inventory, with additional space available for lease or owner occupancy. Warehousing (leased): 18,335 SF, Retail/Office (available): 5,000+/- SF, Rear warehousing/storage (available): 2,000+/- SF. Recent capital improvements include roof, HVAC, electrical, and fire protection upgrades—helping reduce near-term capital needs for new ownership. Located on a high-visibility state highway with strong access and on-site parking. An ideal opportunity for investors seeking stable cash flow with additional leasing/occupancy upside, and for owner-users who can occupy available space while offsetting ownership costs with income from the existing cash flow.
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Additional Information
- Taxes
- $32,052
Mortgage Calculator
Listing courtesy of Listing Agent: Vladimir Saldana from Listing Office: The Edge Group, Inc..
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