Renovated Office/Retail Space
31 1st St Lowell, MA
For Sale
Contact for pricing
Move-in ready office/retail space with high visibility and accessibility.
Property Size5,200 SF
Lot Size0.82 Acres
Price / SF$498.08
Days on Market257
Property Features for 31 1st St
General Information
- Standard status
- Active
- Size
- 5,200 SF
- Lot size
- 0.82 Acres
- Property subtype
- OFFICE
Properties For Sale
at 31 1st St Contact us
Listing Agency:
Bell Tower Commercial Real Estate Group
(978) 251-5894
Listed By:
Vladimir Saldana
(978) 251-5894
Source:
Moodyscre
Added: Nov 11, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:25AM
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 Bell Tower Commercial Real Estate Group
Investment Insights
Based on property information with market context.
This renovated light industrial and office/retail property offers excellent visibility, accessibility, and flexible use potential. The building is partially occupied by a national auto parts retailer under a long-term NNN lease. There is 5,200 square feet of office/retail space and 2,000 square feet of storage space currently available for lease. Recent upgrades include a new roof, HVAC systems, and fire protection improvements. The property benefits from a high-traffic location with 17,949 vehicles per day and ample on-site parking, situated on separate parcels under common ownership. It is ideal for a wide range of commercial users seeking well-maintained, move-in-ready space in a strong market area. Environmental remediation, including former tank removal and asbestos abatement, was completed during the 2020 renovation. Full reports are available upon request.
Key Highlights
- Long‑term NNN lease with national auto parts retailer for immediate income.
- Renovated with new roof, HVAC systems, and fire protection improvements.
- High‑traffic location with excellent visibility (17,949 vehicles per day).
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $162.2k | $31.20 |
| − Vacancy | −$36.5k | −$7.02 |
| EGI | $125.7k | $24.18 |
| − OpEx | −$31.4k | −$6.05 |
| NOI | $94.3k | $18.13 |
5,200 SF · lease $31.20/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.35M
$1.18M – $1.57M
NOI $94,302 @ 7.0% cap · market cap 3.64%
Second Best
Retail
$1.23M
$1.07M – $1.43M
NOI $85,766 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$1.83M
$1.60M – $2.14M
NOI $128,115 @ 7.0% cap · market cap 4.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
OwlStamp Visual Solutions
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Office units - Move-in ready office/retail space with high visibility and accessibility.
Where is this office units located?
The property is located at 31 1st St Lowell, MA.
What is the asking price?
The asking price for this property is $2,590,000.
What are key features of this property?
This property features: Long‑term NNN lease with national auto parts retailer for immediate income.; Renovated with new roof, HVAC systems, and fire protection improvements.; High‑traffic location with excellent visibility (17,949 vehicles per day).
