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This three story glass sided/ steel frame office building located across from the Lawrence post office is part of the "Educational Campus" of Northern Essex Community College. Ten year lease with The Commonwealth of Massachusetts for use by Northern Essex Community College and affiliated organizations and activities. The lease conception date was 10/3/2017. The 2020 reported gross income was $295,000 for base rent plus escalator. Annual expenses of $51,895 with an NOI of $243,103.There is a total of 32,292 sq ft.of office space on four levels. The area is vibrant and has had numerous governmental capital improvement investments made and is clean and modern.This is one of four buildings occupied by Northern Essex Community College in the immediate area. (The Lawrence Campus). This is the only building for sale. The property is located in the City of Lawrence Opportunity Zone. (Visit the city Web site for further information). There may be additional capital gains tax benefits for you

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Basic Information

  • Gross Income $285,000
  • Mls StatusActive
  • Parcel Number M:0145 B:0000 L:0023,4207095

Building

  • Building Area Units Square Feet
  • Utilities Public Water, Public Sewer, Natural Gas Available, 220 Volts
  • Year Built1971

Tax Information

  • Tax Year 2021
  • Taxes$44,913

Location

  • Building Number420
  • CountyEssex
  • StateMA
  • StreetCommon Street
  • TownLawrence
  • Zip01840

Amenities

  • Other AmenitiesFireplace

Other

  • Date Listed07/01/2021
  • Farm Land Area Units Square Feet
  • View Count8

Rooms

  • Bathroom11

Basic Information

  • List Price$5,300,000
  • MLS Number72859176
  • Modification Date08/25/2021

Property

  • Acreage0.22

Property Information

  • Living Area 32,292
  • Lot Size Square Feet 9,583
  • Lot Size Units Acres
  • Square Feet32,292

Map Location

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Listed by Rod Clermont of RE/MAX Innovative Properties - Nashua

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