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1765 Middlesex St
Lowell, MA 01851
Walgreens · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Drug Store
Building Size
15,528 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2012
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.47 AC
Zoning
RR
Parking
61 Spaces (3.93 Spaces per 1,000 SF Leased)
Frontage
71’ on Middlesex St

AMENITIES

  • Pylon Sign
  • Drive Thru

ABOUT 1765 MIDDLESEX ST , LOWELL, MA 01851

The subject investment property is situated on Middlesex Street, which has an average daily traffic count of 22,198 vehicles. Middlesex Street leads to Rourke Bridge, which brings an additional 31,194 vehicles into the immediate area on average daily. This investment property greatly benefits from its’ robust demographics. There are more than 13,700 individuals residing within a one-mile radius of the property and more than 124,900 individuals within a three-mile radius. This subject Walgreens is also positioned in an affluent neighborhood, within a five-mile radius the average household income exceeds $95,000. The subject property benefits from being well-positioned in a highly dense retail corridor consisting of national and local tenants and shopping centers all within close proximity of this property. Major national tenants include: Santander Bank, Family Dollar, Advance Auto Parts, Taco Bell, Wendy’s, Jiffy Lube, United States Postal Services, and many more. This investment property is located two-miles from Lowell General Hospital, which is one of the largest institutions in the Merrimack Valley and has 445-staffed beds. Lowell General Hospital is a not-for-profit community hospital serving the Greater Lowell area and surrounding communities. With two primary campuses located in Lowell, Massachusetts, Lowell General Hospital offers the latest state-of-the-art technology and a full range of medical and surgical services for patients, from newborns to seniors. Furthermore, The University of Massachusetts Lowell campus is a less than ten-minute drive from this investment property. Located on a high-energy campus in the heart of a global community, the university offers more than 18,000 students bachelor’s, master’s and doctoral degrees in six colleges all on one campus. The city of Lowell is located in Massachusetts and is the perfect example of scenic New England. Over the years Lowell has gained a reputation as a great holiday destination, thanks to its mix of interesting museums, relaxing parks, and lively attractions including ball parks and concert arenas. For those who love literature, Lowell is also the birthplace of the famous writer Jack Kerouac, who is honored in the city in Kerouac Park. Lowell is also famous thanks to its industrial past and particularly for its textile production, so history buffs will find historical and cultural gems here in the form of original cotton mills, museums, and buildings from the period when this city was central to the industrial revolution sweeping the United States.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
LOWE-000046-004085-001765
Land Assessment
$320,400
Improvements Assessment
$2,279,600
Total Assessment
$2,600,000
  • Listing ID: 17762063

  • Date on Market: 11/19/2019

  • Last Updated:

  • Address: 1765 Middlesex St, Lowell, MA 01851

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