201 Cabot St Lowell, MA 01854-3611
- Office Properties & Spaces
- 22,906 SF
Nov 03, 2024
Current Use by Public Records
- ATM / Atm
Property Details for 201 Cabot St
- Year built
- 1970
- Property size
- 22,906 SF
- Zone code
- C
- Property type
- Office Properties & Spaces
- APN
- LOWE M:136 B:950 L:201 U:2
- APU
- LOWEM136B950L201U2
Description
This exceptional 22,905-square-foot office condominium is located at 201 Cabot Street in Lowell, Massachusetts, within Middlesex County (zip code 01854). The property, built in 1970 and extensively renovated in 2015, is a two-story building situated in a vibrant, mixed-use district (INST zoning). The vacant space features desirable brick and beam interiors, exposed ductwork, and a modern layout including open office areas, private offices, huddle rooms, conference rooms, and a café area. This office condo is part of a modernized two-unit mill building, with each unit holding a 50% interest. Its prime location in downtown Lowell offers unparalleled convenience, situated near the Merrimack River and surrounded by UMass Lowell's East Campus, dormitories, recreation centers, other renovated mill buildings, and the Tsongas Center, a 7,000-seat venue. The property benefits from a lively atmosphere with nearby restaurants, bars, and retail amenities, including a brewery directly below and El Jefe Taco Bar next door. This property is conveniently located 25 miles northwest of Boston and minutes from the New Hampshire border. The property is offered vacant and free and clear of existing debt. This presents a unique opportunity for an owner-user or a value-add investor seeking a move-in ready space in a high-demand location.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,028,000
Market price range: $608k - $3.36M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $3,020,000 Current use
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Location Insight
- Map
- Local Demand
- City
- Lowell
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.3165
- Latitude
- 42.6505
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA