Flexible Creative Studio
1794 Bridge St #31, Dracut, MA 01826
For Sale
Contact for pricing
Open commercial space with two bathrooms and a lower level equipped with heat, air conditioning, and running water.
Property Size2,500 SF
Price / SF$1.00
Days on Market54
Property Features for 1794 Bridge St #31
General Information
Standard status
Size
Additional Details
Utilities to Site
Building Details
Year Built
Listing Agency:
Keller Williams Realty
(978) 475-2111
Listed By:
Tim Desmarais
(603) 765-1965
Source:
Lockandkeyre
Added: Sep 17
Changed: Nov 8
Last Checked: Nov 8 at 6:51AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 2,500-square-foot creative space at 1794 Bridge St, Unit 31, includes an approximately 1,250-square-foot main level with a broad open configuration and two bathrooms. The lower level adds further open area with heat, air conditioning, and running water, providing additional functional space within the property. Built in 1986, the premises are currently arranged and used as a podcast and recording studio.
The adaptable interior supports customization within the existing layout. Business use remains subject to landlord approval and applicable local zoning requirements.
The adaptable interior supports customization within the existing layout. Business use remains subject to landlord approval and applicable local zoning requirements.
Key Highlights
- 2,500‑square‑foot creative space at 1794 Bridge St Unit 31
- Approximately 1,250‑square‑foot main level with open layout
- Two bathrooms on the main level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,326
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,586,520
$1.6M
Cap Rate 7%
$1,133,229
$1.1M
Cap Rate 9%
$881,400
$881.4K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$135.6K $54.24/SF
− Vacancy
−$29.8K −$11.93/SF
EGI
$105.8K $42.31/SF
− OpEx
−$26.4K −$10.58/SF
NOI
$79.3K $31.73/SF
Area
Middlesex County, MA
Vacancy
22.00%
Lease Rate
$54.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,586,520
Cap Rate 7%
$1,133,229
Cap Rate 9%
$881,400
Alternative Uses
Best Use
Office B
$1.13M
$991.6K – $1.32M
NOI $79,326 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.29M – $1.73M
NOI $103,599 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
205
Businesses Nearby
Explore this area
Business Placement
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
$466,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Creative space in Middlesex County, MA
Properties on Market for Creative space in Middlesex County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Creative space - Open commercial space with two bathrooms and a lower level equipped with heat, air conditioning, and running water.
Where is this creative space located?
The property is located at 1794 Bridge St #31 Dracut, MA.
What are key features of this property?
This property features: 2,500‑square‑foot creative space at 1794 Bridge St Unit 31; Approximately 1,250‑square‑foot main level with open layout; Two bathrooms on the main level
