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Renovated Flex Space with NNN Tenant

31 1st St, Lowell, MA 01850

For Lease
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Renovated flex space offers 5,200 SF office/retail plus 2,000 SF storage, ample parking, and high-traffic visibility.

Space Size5,250 SF
Days on Market365

Property Features for 31 1st St

General Information

Standard status Active
Size 5,250 SF
Property subtype OFFICE
Lease Type NNN

Site & Location

Neighborhood Downtown

Spaces For Lease

at 31 1st St
31 1st St $13/SF/Yr
Floor 1
Size 5,250 SF
Type OFFICE
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
- Renovated light industrial and office/retail property offering excellent visibility, accessibility, and flexible use potential. The building is partially occupied by a national auto parts retailer under a long-term NNN lease, with 5,200 SF of office/retail space and 2,000 SF 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 (17,949 vehicles per day) and ample on-site parking, situated on separate parcels under common ownership. Ideal for a wide range of commercial users seeking well-maintained, move-in-ready space in a strong market area. Former auto parts tenant equipment and stored materials not included. Environmental remediation, including former tank removal and asbestos abatement, completed during the 2020 renovation. Full reports available upon request.
Contact us
Listing Agency: Bell Tower Commercial Real Estate Group
Listed By: Vladimir Saldana · License MA #9575388
Source: Moodyscre
Added: Nov 11, 2025 Changed: Oct 26 Last Checked: Nov 10 at 10:27AM

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

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Investment Insights

Based on property information with market context.

Renovated light industrial and office/retail flex property at 31 1st St in Lowell, MA, offering flexible use potential with strong visibility and accessibility. The building is partially occupied by a national auto parts retailer under a long-term NNN lease. Currently available for lease is 5,200 SF of office/retail space and 2,000 SF of storage space. Recent upgrades include a new roof, HVAC systems, and fire protection improvements.

The property is located on separate parcels under common ownership with ample on-site parking. The site benefits from a high-traffic location with 17,949 vehicles per day.

Environmental remediation was completed during the 2020 renovation, including former tank removal and asbestos abatement. Former auto parts tenant equipment and stored materials are not included. Full reports are available upon request.

Key Highlights

  • Partially occupied by a national auto parts retailer under a long‑term NNN lease
  • 5,200 SF office/retail space and 2,000 SF storage space available for lease
  • Recent upgrades include new roof, HVAC systems, and fire protection improvements

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

OwlStamp Visual Solutions (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Spa & Massage Center Auto Parts Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,599
Businesses Nearby
Under-served
Demand for This Use

Demographics for 01850, MA

16,670
Population
6,028
Households
2.8
Avg Household Size
34
Median Age
18%
College-Educated
83%
High-School Grad
1.4 sq mi
ZIP Area
11,907
Density / Sq Mi
$67,581
Median Household Income
$42,096
Median Earnings
$1,666
Median Rent
$367,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Lowell, MA

$15.64 /SF/Yr
Avg Asking Price
$10–$32.4 /SF/Yr
Price Range
13,571 SF
Avg Space Size

This space is priced 17% below the average of $15.64 /SF/Yr.

Average Price Trend$/SF/Yr for Flex space in Lowell, MA

$17.06 Jul
$16.48 Aug
$15.4 Sep
$15.8 Oct

Properties on Market for Flex space in Lowell

Jul
Aug
Sep
Oct

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025

Similar Off Market Nearby

  • Omkar Foods — 17 Warren St, Lowell, MA 01852
  • Infuse Catering Services — 17 Warren St, Lowell, MA 01852
  • Naturel Juicing — 120 Merrimack St, Lowell, MA 01852
  • D&C Catering — 755 Lakeview Ave, Lowell, MA 01850

Frequently Asked Questions

What type of property is this?
Flex space - Renovated flex space offers 5,200 SF office/retail plus 2,000 SF storage, ample parking, and high-traffic visibility.
Where is this flex space located?
The property is located at 31 1st St Lowell, MA.
What is the lease rate?
The lease rate is $13 SF/Yr.
What are key features of this property?
This property features: Partially occupied by a national auto parts retailer under a long‑term NNN lease; 5,200 SF office/retail space and 2,000 SF storage space available for lease; Recent upgrades include new roof, HVAC systems, and fire protection improvements
(978) 251-5894 Call to check price and availability
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