MA > Lawrence
Lawrence, MA 01840,420 Common St
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Lawrence, MA 01840,420 Common St
Lawrence, MA 01840,420 Common St
Lawrence, MA 01840,420 Common St
Lawrence, MA 01840,420 Common St
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Lisa Sevajian

Lisa Sevajian

+1(978) 457-3406
$ 3,600,000
Est. payment /mo
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Active

420 Common St Lawrence, MA 01840

9,583 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 73305125

HOA Y/N false

Year Built 1971

Annual Tax Amount $44,773

Tax Year 2024

Lot Size 9,583 Sqft

Acres 0.22

Property Description

Seize the opportunity to own a cornerstone property in the thriving Lawrence, MA Opportunity Zone. This three-story, steel-frame office building with striking glass facades, located at 420 Common St, is fully leased to the Commonwealth of Massachusetts for Northern Essex Community College. Ideally situated across from the Lawrence Post Office, the building is part of the college's "Educational Campus." In stellar condition, this property will be the crown jewel of any investors portfolio. It is fully occupied, with the tenant responsible for all maintenance, except HVAC, electrical servicing, and exterior upkeep, which fall under the owner's responsibilities. The strong and reliable tenancy ensures the building's structural integrity and consistent functionality.The 10-year lease, October 3, 2017 with scheduled increases of $10,000 per year in the final two years of the lease. This property performs month to month and year to year.

Location

State MA

County Essex

Zoning B3

Direction Located just off Broadway, at the corner of Common and Hampshire. Be sure to use GPS for directions

Exterior

Utilities Available Public Water, Public Sewer, Natural Gas Available, 440 Volts

Total Parking Spaces 3

Others

Senior Community false

Listed by Empire Real Estate™
agent

Lisa Sevajian

Agent | License ID: 95000355

+1(978) 457-3406

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420 Common St

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