585 Middlesex St Lowell, MA 01851
- Office buildings
- 14,910 SF
- 1.16 lot acres
Current Use by Public Records
- Nobis Engineering, Inc. / Engineering Consultant / Civil Engineer
Property Details for 585 Middlesex St
- Year built
- 1890
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.16 lot acres
- Property size
- 14,910 SF
- Zone code
- UMU
- Property type
- Office buildings
- APN
- LOWE M:140 B:4085 L:585
- APU
- LOWEM140B4085L585
Description
This exceptional 1.16-acre parcel of land, located at 585 Middlesex Street in Lowell, Massachusetts, presents a compelling investment opportunity. Priced at $3,000,000, this property offers significant potential for a variety of commercial developments. The expansive lot size provides ample space for construction, allowing for flexibility in design and functionality. Its strategic location within Lowell offers convenient access to major transportation routes, ensuring seamless connectivity for businesses and employees. The property's zoning and permitted uses should be independently verified to ensure alignment with any prospective development plans. Given its size and prime location, this property is well-suited for a range of commercial ventures, from industrial facilities and warehousing to potentially other uses subject to local regulations. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. Detailed site plans and relevant documentation are available upon request. Prospective buyers are advised to conduct their own due diligence to confirm all aspects of the property and its suitability for their intended purpose. This is a rare opportunity to acquire a substantial land holding in a thriving Massachusetts city. Don't miss out on this chance to secure a valuable asset with significant long-term growth potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,870,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,050,000
- 6.5%
- $3,010,000
- 7%
- $3,175,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,095,000
- Geo Method
- $3,050,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,010,000
- Retail
- $3,005,000
- Mixed-Use
- $3,300,000
- Hospitality
- $2,710,000
- Educational
- $2,555,000
- Residential Income
- $2,595,000
- Energy
- $2,600,000
- Income-Based Land
- $2,770,000
- Food Service
- $3,170,000
Location Insight
- Map
- Local Demand
- City
- Lowell
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.3193
- Latitude
- 42.6389
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
