Price Reduced 10.00%

$3,600,000

Est. Mortgage $18,204/mo *

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420 Common St, Lawrence, MA, 01840

420 Common St, Lawrence, MA, 01840
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1971

Seize the opportunity to own a cornerstone property in the thriving Lawrence, MA Opportunity Zone. This three-story, steel-frame office building with striking glass facades, located at 420 Common St, is fully leased to the Commonwealth of Massachusetts for Northern Essex Community College. Ideally situated across from the Lawrence Post Office, the building is part of the college’s "Educational Campus." In stellar condition, this property will be the crown jewel of any investors portfolio. It is fully occupied, with the tenant responsible for all maintenance, except HVAC, electrical servicing, and exterior upkeep, which fall under the owner's responsibilities. The strong and reliable tenancy ensures the building's structural integrity and consistent functionality.The 10-year lease, October 3, 2017 with scheduled increases of $10,000 per year in the final two years of the lease. This property performs month to month and year to year.

Status:

Active

Type:

Commercial

Zoning:

B3

Parking:

3-car

Acreage:

0.22

Est. Taxes:

$44,774

Utilities

Public Water, Public Sewer, Natural Gas Available, 440 Volts

MLS #:

73305125

Community Info

School Info

Walk Score

Mass Transit

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Listing courtesy of Coa Realty Group, Empire Real Estate™ Phone: 978-662-1981