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321 Central St 12,062 SF 100% Leased Office Building Lowell, MA 01852 $925,000 ($76.69/SF) 6.29% Cap Rate
Executive Summary
Northeast Private Client Group is pleased to exclusively present for sale 321 Central Street. 321 Central is comprised of 14 office and retail tenants. Tenants enjoy amenities such as an elevator, shared meeting room, library, kitchen, and roof top deck. 321 Central is located in downtown Lowell and walking distance to the new $200 million dollar Lowell Justice Center. This prime space is ready for it's next owner to continue to utilize it as a premier office space or to convert into residential housing. 321 Central sits within Lowell's MFOM Multifamily Overlay /TOD District. Residential conversion requires zero additional parking, eliminating one of the most costly and complex hurdles in urban adaptive reuse. By-right multifamily use eliminates special permit risk.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
12,062 SF
Building Class
C
Year Built/Renovated
1833/1950
Price
$925,000
Price Per SF
$76.69
Cap Rate
6.29%
NOI
$58,143
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
2,875 SF
Slab To Slab
10’
Building FAR
3.08
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
B3, Lowell - Business
Amenities
- Security System
- Kitchen
- Central Heating
- Fully Carpeted
- Wi-Fi
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Center for Behavioral Health
- Services
- -
-
$9.99
- -
-
Jan 0000
- Efrain Tavares
- -
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Center for Behavioral Health | Services | - | $9.99 | - | Jan 0000 | |
| Efrain Tavares | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
1 1
Exceptionally walkable
90/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | HUDS-000016-000000-000018 | Total Assessment | $2,693,400 |
| Land Assessment | $862,300 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,831,100 | Tax Year | 2025 |
Property Taxes
Parcel Number
HUDS-000016-000000-000018
Land Assessment
$862,300
Improvements Assessment
$1,831,100
Total Assessment
$2,693,400
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
321 Central St