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Third-Floor Office Suite with Elevator
For Lease
$750/Mo

320321-1 Merrimack St, Lowell, MA 01854

Two-office suite on the third floor with elevator access, well suited for professional services needing downtown presence.

Property Size422 SF
Days on Market64

Property Features for 320321-1 Merrimack St

General Information

Standard status Active
Size 422 SF

Additional Details

Office Units 2
Listing Agency: Merrimack Realty Group, Chelmsford
Listed By: Timothy R. Shanahan
Source: Exprealty
Added: May 31 Changed: Jul 10 Last Checked: Jul 31 at 3:05PM

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 Merrimack Realty Group, Chelmsford

Investment Insights

Based on property information with market context.

This third-floor office suite includes two offices and totals over 420 square feet. Elevator access is available for convenient entry to the space.

The building is positioned in a downtown setting, with a parking garage next door and access to public transportation along the route serving the area. Suites of varying sizes are available to accommodate different office space needs, ranging from 100 square feet up to 10,000 square feet.

For tenants seeking a compact, private configuration with two separate offices, this suite offers a straightforward layout within an elevator-served building. The nearby parking garage and public transportation access can support daily commute and visitor access for teams and clients.

Key Highlights

  • 2‑office office suite located on the 3rd floor
  • Suite offers elevator access
  • Includes over 420 SF for the 2 offices

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Skin Care Clinic Acupuncture Hotel & Motel (Bike/Boat/Book/etc) Store Locksmith Veterinary Clinic

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

2
Office units
NNN (Triple Net)
Lease Type
$3.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,250
Businesses Nearby

Demographics for 01854, MA

29,561
Population
10,960
Households
2.7
Avg Household Size
31
Median Age
30%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
7,390
Density / Sq Mi
$70,397
Median Household Income
$39,216
Median Earnings
$1,477
Median Rent
$360,500
Median Home Value

Market

Lease Benchmarks for Lowell, MA

$18.97 /SF/Yr
Avg Asking Price
$10–$41.25 /SF/Yr
Price Range
4,038 SF
Avg Space Size

This space is priced 12% above the average of $18.97 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Two-office suite on the third floor with elevator access, well suited for professional services needing downtown presence.
Where is this office units located?
The property is located at 320321-1 Merrimack St Lowell, MA.
What is the lease rate?
The lease rate is $750 /Mo.
What are key features of this property?
This property features: 2‑office office suite located on the 3rd floor; Suite offers elevator access; Includes over 420 SF for the 2 offices
More about this property
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