Strip Mall Retail
For Sale
Contact for pricing
1734 Lakeview Avenue Unit 9, Dracut, MA 01826
Retail unit within a multi-business shopping center serving lounge and eating-establishment uses.
Property Size1,250 SF
Price / SF$1.28
Days on Market50
Property Features for 1734 Lakeview Avenue Unit 9
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Commercial
Building Details
Year Built
1980
Tenancy
Multi
Listing Agency:
Beaudoin & Associates, REALTOR
(978) 957-4000
Listed By:
Brenda Beaudoin
(978) 265-0943
Source:
Lockandkeyre
Added: Sep 6
Changed: Oct 25
Last Checked: Oct 24 at 5:33PM
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 Beaudoin & Associates, REALTOR
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit 9 is a 1,250-square-foot retail property within a strip mall built in 1980. The center includes several businesses, with existing uses that include lounges and eating establishments.
Located at 1734 Lakeview Avenue in Dracut, Massachusetts, the property offers a commercial setting alongside other operating businesses. The unit is offered for sale as part of the established shopping center.
Located at 1734 Lakeview Avenue in Dracut, Massachusetts, the property offers a commercial setting alongside other operating businesses. The unit is offered for sale as part of the established shopping center.
Key Highlights
- 1,250‑square‑foot retail unit
- Part of a strip mall with several businesses
- Existing center uses include lounges and eating establishments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,966
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,320
$359.3K
Cap Rate 7%
$256,657
$256.7K
Cap Rate 9%
$199,622
$199.6K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$27.5K $21.96/SF
− Vacancy
−$1.8K −$1.43/SF
EGI
$25.7K $20.53/SF
− OpEx
−$7.7K −$6.16/SF
NOI
$18.0K $14.37/SF
Area
Middlesex County, MA
Vacancy
6.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,320
Cap Rate 7%
$256,657
Cap Rate 9%
$199,622
Alternative Uses
Best Use
Retail
$256.7K
$224.6K – $299.4K
NOI $17,966 @ 7.0% cap · market cap 1,122.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$740.0K
$647.5K – $863.3K
NOI $51,800 @ 7.0% cap · market cap 3,237.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Speedway
Shops & Services
8,758 visits/mo
0.3 miles
H&R Block
Shops & Services
390 visits/mo
0.1 miles
Demographics for 01826, MA
32,689
Population
12,480
Households
2.6
Avg Household Size
42
Median Age
35%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
1,572
Density / Sq Mi
$111,451
Median Household Income
$58,361
Median Earnings
$1,740
Median Rent
$466,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Strip mall - Retail unit within a multi-business shopping center serving lounge and eating-establishment uses.
Where is this strip mall located?
The property is located at 1734 Lakeview Avenue Unit 9 Dracut, MA.
What are key features of this property?
This property features: 1,250‑square‑foot retail unit; Part of a strip mall with several businesses; Existing center uses include lounges and eating establishments
