ShopitandProfit.com

420 Common St Lawrence MA 01840 | 72859176

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

Property Details

Price:
$5,300,000
MLS #:
72859176
Status:
Active
Baths:
0.00
Address:
420 Common St
Type:
Commercial
City:
Lawrence
Listed Date:
Jul 1, 2021
State:
MA
Square Ft (approx):
32,292
ZIP:
01840
Lot Size:
9,583 sqft / 0.22 acres (approx)

Schools

Interior

Ceiling Height
8
Total Bldg Sq Ft
32,292
U T I L I T I E S
Public Water, Public Sewer, Natural Gas, 220 Volts

Exterior

C O N S T R U C T I O N
Stone/ Concrete, Steel
Parking Features
Open, Off Site
Roof Material
Membrane

Financial

Assessed Bldg Value
$1,569,000
Gross Annual Exp
$51,895
Gross Annual Inc
$285,000
T A X E S
$44,913

Map

Contact Us

Send
  

Mortgage Calculator

 

Similar Listings Nearby

420 Common St
Lawrence, MA