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8.8% Cap User/Investor Asset 34 Rock St 3,008 SF 100% Leased Industrial Building Lowell, MA 01854 $785,000 ($260.97/SF)
INVESTMENT HIGHLIGHTS
- 2,560SF Commercial Building w Additional 448SF Mezzanine Space
- 2 Tenants At Will - Occupy- Collect Rent - Redevelopment Opportunity
- Call MANSARD Today for Additional Details
- Approximate NOI of $69,500 - Offered at an 8.8% Cap Rate
- 4 Drive in Doors - 16' Clear Ceilings - Town Water and Sewer
EXECUTIVE SUMMARY
34 Rock is a 2,560 SF commercial warehouse with 16’ clear ceilings, four drive-in bays, and an additional 448 SF mezzanine. The property is currently occupied by two tenants on month-to-month leases, each paying $3,300/month plus utilities, generating an NOI of approximately $69,500.
The building sits on 0.18 acres with public water and sewer, and offers flexibility under UMF zoning (buyers should confirm all zoning uses). Ideal for auto-related businesses seeking an owner-user investment with rental income, or for developers considering a multifamily opportunity.
The building sits on 0.18 acres with public water and sewer, and offers flexibility under UMF zoning (buyers should confirm all zoning uses). Ideal for auto-related businesses seeking an owner-user investment with rental income, or for developers considering a multifamily opportunity.
PROPERTY FACTS
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Walk Score®
Walker's Paradise (92)
PROPERTY TAXES
| Parcel Number | LOWE-000139-005025-000034 | Improvements Assessment | $162,100 |
| Land Assessment | $137,500 | Total Assessment | $299,600 |
PROPERTY TAXES
Parcel Number
LOWE-000139-005025-000034
Land Assessment
$137,500
Improvements Assessment
$162,100
Total Assessment
$299,600
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8.8% Cap User/Investor Asset | 34 Rock St
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