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1008 Westford St 3,100 SF 100% Leased Retail Building Lowell, MA 01851 $975,000 ($314.52/SF)
Investment Highlights
- Convenient location near Chelmsford with direct access to Route 3 and I-495.
- On-site services feature controlled-access entry, package concierge, and emergency maintenance.
- Community amenities include a sparkling seasonal swimming pool and landscaped outdoor spaces.
Executive Summary
The property at 1006 Westford Street is part of a multifamily apartment community in Lowell’s Lower Highlands neighborhood. Built in 1985, the asset offers multiple residential buildings with shared amenities, on-site parking, and outdoor recreation space. The site is located close to local schools and neighborhood retail corridors, with connectivity provided by nearby Route 3, Interstate 495, and public transit routes.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,100 SF
Building Class
C
Year Built
1960
Price
$975,000
Price Per SF
$314.52
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.26
Lot Size
0.27 AC
Opportunity Zone
Yes
Zoning
RR
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | LOWE-000061-006285-001008 | Improvements Assessment | $301,200 |
| Land Assessment | $210,500 | Total Assessment | $511,700 |
Property Taxes
Parcel Number
LOWE-000061-006285-001008
Land Assessment
$210,500
Improvements Assessment
$301,200
Total Assessment
$511,700
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1008 Westford St
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