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31 1st St 25,435 SF 80% Leased Industrial Building Lowell, MA 01850 $2,590,000 ($101.83/SF)
Executive Summary
Well-maintained, recently upgraded light industrial/retail/office building offering in-place income with upside. Approximately two-thirds of the property is leased to a national auto parts distributor for warehousing/inventory under a 5-year NNN lease, with additional space available to lease or occupy.
• Warehousing (leased): 18,335 Net SF
• Retail/Office (available): 5,050 Net SF
• Rear warehousing/storage (available): 2,010 Net SF
Recent capital improvements include roof, HVAC, electrical, and fire protection upgrades—helping reduce near-term capital needs for new ownership.
Strategically located on high-visibility First Street Boulevard (state highway) with strong access and on-site parking. An ideal opportunity for investors seeking stable NNN cash flow with additional leasing/occupancy upside, and for owner-users who can occupy 5,050 SF available while offsetting ownership costs with income from the existing cash flow.
• Warehousing (leased): 18,335 Net SF
• Retail/Office (available): 5,050 Net SF
• Rear warehousing/storage (available): 2,010 Net SF
Recent capital improvements include roof, HVAC, electrical, and fire protection upgrades—helping reduce near-term capital needs for new ownership.
Strategically located on high-visibility First Street Boulevard (state highway) with strong access and on-site parking. An ideal opportunity for investors seeking stable NNN cash flow with additional leasing/occupancy upside, and for owner-users who can occupy 5,050 SF available while offsetting ownership costs with income from the existing cash flow.
Property Facts
| Price | $2,590,000 | Rentable Building Area | 25,435 SF |
| Price Per SF | $101.83 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1920 |
| Property Type | Industrial | Parking Ratio | 1.57/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 14’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 0.82 AC | ||
| Zoning | B100 - CA | ||
| Price | $2,590,000 |
| Price Per SF | $101.83 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.82 AC |
| Rentable Building Area | 25,435 SF |
| No. Stories | 1 |
| Year Built | 1920 |
| Parking Ratio | 1.57/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | B100 - CA |
Amenities
- Signage
- Waterfront
- Air Conditioning
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Electric
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Renovated light industrial and office/retail property offering excellent visibility, accessibility, and flexible use potential. The building is partially occupied by a national auto parts retailer under a long-term NNN lease, with 5,200+/- SF of office/retail space and 2,000 SF of storage space currently available for lease.
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 5,200 SF | Industrial | - | Now |
1st Floor
| Size |
| 5,200 SF |
| Space Use |
| Industrial |
| Build-Out |
| - |
| Available |
| Now |
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1st Floor
| Size | 5,200 SF |
| Space Use | Industrial |
| Build-Out | - |
| Available | Now |
Renovated light industrial and office/retail property offering excellent visibility, accessibility, and flexible use potential. The building is partially occupied by a national auto parts retailer under a long-term NNN lease, with 5,200+/- SF of office/retail space and 2,000 SF of storage space currently available for lease.
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Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | LOWE-000177-002327-000031 | Improvements Assessment | $1,241,500 |
| Land Assessment | $176,300 | Total Assessment | $1,417,800 |
Property Taxes
Parcel Number
LOWE-000177-002327-000031
Land Assessment
$176,300
Improvements Assessment
$1,241,500
Total Assessment
$1,417,800
Contacts
-
Fred Faust -
Vlad Saldana -
Sonya Santorelli -
Bell Tower Commercial Real Estate Group
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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31 1st St
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