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$5,300,000
420 Common St, Lawrence, MA 01840
0 Beds
0 Baths
32,292 sqft

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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
  • Price:
  • $5,300,000
  • Square Footage:
  • 32,292
  • Acreage:
  • 0.22
  • Year Built:
  • 1971
  • Listing ID #:
  • 72859176
  • Street Address:
  • 420 Common St
  • City:
  • Lawrence
  • State:
  • Massachusetts
  • Postal Code:
  • 01840
  • County:
  • Essex
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial/Industrial
  • Approximate Total Liveable Area:
  • 32292.00
  • Ceiling Height:
  • 8
  • Construction Description:
  • Stone/Concrete, Steel
  • Number Of Units:
  • 1
  • Stories:
  • 3
  • Type Of Roof:
  • Membrane
  • Year Built:
  • 1971
  • Year Built Source:
  • Pr
  • Conforms To Zoning:
  • B3
  • Lot Features:
  • 23
  • Lot Size:
  • 9570.00
  • Lease Type:
  • Gross
  • Price Per Square Foot:
  • 164.13
  • Property Taxes:
  • $44,913
  • Tax Year:
  • 2021
  • Parking Description:
  • Open, Off Site
  • Parking Spaces:
  • 3
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Rod Clermont of RE/MAX Innovative Properties - Nashua

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