Historic Mill Machine Shop Retail
For Lease
$32 SF/Yr
73 W Center St, Lee, MA 01238
Leasable commercial condominium offers two-level retail space with gallery and basement, plus ample parking.
Space SizeContact for details
Property Size8,955 SF
Days on Market50
Property Features for 73 W Center St
General Information
Standard status
Active
Size
8,955 SF
Lease Type
NNN
Taxes and HOA fees
Annual Taxes
$38,000
Building Details
Building Size
8,955 SF
Listing Agency:
WILLIAM PITT SOTHEBY'S - LENOX
Listed By:
Richard Aldrich · License #009536117
(413) 243-1739
Source:
413realestate
Added: Jul 17
Changed: Sep 4
Last Checked: Sep 4 at 2:38AM
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 WILLIAM PITT SOTHEBY'S - LENOX
Investment Insights
Based on property information with market context.
Restored historic mill machine shop building offered as a commercial condominium available for lease. The rentable space totals 8,955 square feet on two levels, including 5,809 square feet on the first floor and 3,146 square feet on the second floor, plus an additional basement area. The space includes a gallery and is described as suitable for uses such as retail, school, medical, corporate headquarters, marketplace, and restaurant.
The property features ample parking. Public remarks also note Mass DOT traffic count of 17,469 AADT (2025) and a planned expansion of more than 200 new rental apartments surrounding the machine shop, with the first families arriving by September 2026.
Tenant responsibilities include the cost of improvements, which can be amortized over the life of the lease and built into the monthly lease payment. Occupancy is stated for 2027.
The property features ample parking. Public remarks also note Mass DOT traffic count of 17,469 AADT (2025) and a planned expansion of more than 200 new rental apartments surrounding the machine shop, with the first families arriving by September 2026.
Tenant responsibilities include the cost of improvements, which can be amortized over the life of the lease and built into the monthly lease payment. Occupancy is stated for 2027.
Key Highlights
- Restored Historic Mill Machine Shop Building commercial condominium available for lease; occupancy in 2027.
- Total rentable space: 8,955 SF on two levels (5,809 SF first floor, 3,146 SF second floor) plus basement.
- Mixed‑use compatible layout listed for gallery, retail, school, medical, corporate HQ, marketplace, and restaurant uses.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$4.80 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
Explore this area
Business Placement
Demographics for 01238, MA
5,722
Population
3,069
Households
1.9
Avg Household Size
51
Median Age
46%
College-Educated
99%
High-School Grad
27.6 sq mi
ZIP Area
207
Density / Sq Mi
$74,469
Median Household Income
$47,035
Median Earnings
$1,255
Median Rent
$332,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Retail space - Leasable commercial condominium offers two-level retail space with gallery and basement, plus ample parking.
Where is this retail space located?
The property is located at 73 W Center St Lee, MA.
What is the lease rate?
The lease rate is $32 SF/Yr.
What are key features of this property?
This property features: Restored Historic Mill Machine Shop Building commercial condominium available for lease; occupancy in 2027.; Total rentable space: 8,955 SF on two levels (5,809 SF first floor, 3,146 SF second floor) plus basement.; Mixed‑use compatible layout listed for gallery, retail, school, medical, corporate HQ, marketplace, and restaurant uses.
