Active
420 Common St
Lawrence MA, 01840
$3,600,000
Active
11 Baths
Commercial
Built in 1971
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.
73305125
MLSⓇ ID
October 22, 2024
Listed
December 23, 2024
Updated
Map
420 Common St
Lawrence MA, 01840
Interior Features
Total Bathrooms
11
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.22 Acres
Other Property Details
Taxes
$44,774
Tax Frequency
Annually
Garage
No
Parking Total
3
View
No
County
Essex
Pool
No
Zoning
B3
Listing History
Date | Event | Price |
|---|---|---|
12/19/2024 | Price change | $3,600,000 -10% |
Courtesy of Coa Realty Group, Empire Real Estate™
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Data last updated 8:37 AM UTC, 12/23/2024
