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    1985 Lakeview Ave Dracut, MA 01826

    For Lease
    $10,000 /Mo

    Freestanding retail/office building with large parking lot.

    Lot size:
    0.87 Acres

    Property Features for 1985 Lakeview Ave

    General Information

    Lot size
    0.87 Acres

    Building Details

    Year built
    1970

    Source: Global Realty Network, Inc. Agent Paul-Ratha Yem

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freestanding Retail/Office Building For Rent

    Available for NNN Lease in April 2026, this freestanding 3,366 square foot retail/office building, formerly a Santander Bank branch, features a large parking lot. Situated on 0.87 acres, the property includes 22 on-site parking spaces and benefits from high visibility on Lakeview Avenue, with a traffic count of 25,000 vehicles per day. The property is surrounded by national retailers, including CVS, Dunkin, and Enterprise. Zoned B3 General Business, the property is suitable for various business uses. Previously, the property was under a corporate-guaranteed NNN lease with Santander Bank through 9/30/2025, where the tenant was responsible for taxes, insurance, CAM, utilities, roof, and structure. The lease included five 5-year renewal options, with rent increases at the start of each term.
    Location Intelligence

    Current Use by Public Records

    Santander Bank ATM Atm Santander Bank Branch Bank

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dracut
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.352194
    Latitude
    42.6831491

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    FAQs

    What type of property is this?
    Bank - Freestanding retail/office building with large parking lot.
    Where is this bank located?
    The property is located at 1985 Lakeview Ave Dracut, MA.
    What are key features of this property?
    This property features: - Corporate-guaranteed NNN lease with Santander Bank (S&P A- rating) through 9/30/2025, providing stable income.; - Freestanding 3,366 SF retail/office building, formerly a Santander Bank branch.; - Situated on 0.87 acres with 22 on-site parking spaces and excellent visibility on Lakeview Avenue (25,000 VPD).
    (617) 459-3000
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    1985 Lakeview Ave Dracut, MA 01826
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    Dracut, MA 01826
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1985 Lakeview Ave Dracut, MA 01826
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