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540 Merrimack St Lowell, MA 01854

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For Sale
$1,900,000

Mixed-use building with redevelopment potential in MBTA overlay district.

Lot size:
0.37 Acres

Property Features for 540 Merrimack St

General Information

Lot size
0.37 Acres

Building Details

Year built
1885

Source: Commonwealth Standard Realty Advisors Agent Nicole Canavan

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


Overview

Mixed-Use Redevelopment Opportunity

Located on the corner of Merrimack Street and Hanover Street, this mixed-use property presents a redevelopment opportunity within the MBTA overlay district. The sale includes three parcels: 540 Merrimack Street, featuring an existing mixed-use building with two commercial units and six residential apartments on 0.03 acres; 520 Merrimack Street, an adjacent 0.31-acre vacant lot currently leased for parking; and 11 Hanover Street, a 0.03-acre lot providing a second entrance to the parking lot and access around the existing building. The building at 540 Merrimack Street, known as the El Kareh building, includes commercial space on the ground floor. One unit formerly housed a hair salon, while the other, with a separate entrance on Hanover Street, was previously a dress shop. The upper floors contain up to six apartments. The second floor was once used as a dentist's office. Utilities are connected. The adjacent lot provides parking for both businesses and residences. The parking lot is currently leased to an adjacent market on a month-to-month basis.
Location Intelligence

Current Use by Public Records

Parking lots & garages

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Lowell
County
Middlesex
State
Massachusetts
Longitude
-71.2922334
Latitude
42.6434805

FAQs

What type of property is this?
Mixed-use property - Mixed-use building with redevelopment potential in MBTA overlay district.
Where is this mixed-use property located?
The property is located at 540 Merrimack St Lowell, MA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: - Prime re-development opportunity in MBTA overlay district.; - Includes three parcels: mixed-use building and two lots.; - Existing mixed-use building with commercial units and residential apartments.
More about this property
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