Historic Mixed-Use Retail
For Sale
$2,099,900
1 Merrimack Street, Lowell, MA 01852
Historic Simpson Block features first-floor retail with office suites on upper floors and plans for residential conversion.
Property Size15,579 SF
Price / SF$134.79
Days on Market108
Property Features for 1 Merrimack Street
General Information
Standard status
Active
Size
15,579 SF
Property subtype
Commercial
Building Details
Year Built
1880
Listing Agency:
Merrimack Realty Group,Chelmsford
Listed By:
Timothy R. Shanahan
(617) 846-8000
Source:
Highlandre
Added: May 20
Changed: Sep 3
Last Checked: Sep 4 at 10:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Merrimack Realty Group,Chelmsford
Investment Insights
Based on property information with market context.
Historic Simpson Block is a mixed-use property featuring 5 retail stores on the first floor, with office suites on the second and third floors. The building totals 15,579 square feet and includes architectural plans attached for potential conversion to 12 residential units on the upper floors, while the current office-suite configuration can also be maintained.
The property is located in the heart of Downtown Lowell, steps from public transportation and near Middlesex Community College and UMass Lowell. It is also close to restaurants and shopping, and it sits across from a city parking garage.
With a multi-story setup supporting both retail and office use, this building offers a flexible footprint for an owner-operator or an investor seeking a property that can accommodate either continued office usage or a residential conversion, subject to applicable approvals.
The property is located in the heart of Downtown Lowell, steps from public transportation and near Middlesex Community College and UMass Lowell. It is also close to restaurants and shopping, and it sits across from a city parking garage.
With a multi-story setup supporting both retail and office use, this building offers a flexible footprint for an owner-operator or an investor seeking a property that can accommodate either continued office usage or a residential conversion, subject to applicable approvals.
Key Highlights
- Historic Simpson Block built in 1880 with 15,579 sq ft of space in Downtown Lowell
- First floor offers 5 retail stores
- Second and third floors include office suites, with plans to convert to 12 residential units (architectural plans attached)
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,960
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01852, MA
36,708
Population
15,363
Households
2.4
Avg Household Size
37
Median Age
33%
College-Educated
86%
High-School Grad
5.0 sq mi
ZIP Area
7,342
Density / Sq Mi
$77,058
Median Household Income
$48,976
Median Earnings
$1,567
Median Rent
$397,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
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Similar Off Market Nearby
- Flowers By Albert — 521 Merrimack St, Lowell, MA 01854
Frequently Asked Questions
What type of property is this?
Storefront property - Historic Simpson Block features first-floor retail with office suites on upper floors and plans for residential conversion.
Where is this storefront property located?
The property is located at 1 Merrimack Street Lowell, MA.
What is the asking price?
The asking price for this property is $2,099,900.
What are key features of this property?
This property features: Historic Simpson Block built in 1880 with 15,579 sq ft of space in Downtown Lowell; First floor offers 5 retail stores; Second and third floors include office suites, with plans to convert to 12 residential units (architectural plans attached)
