Property profile

419 Lowell St Lexington, MA 02420

FOR LEASE
Banks
Property ID
US38-1405831
3,972 SF 0.43 ac lot Built 2011
Entity Owned 16-yr Hold Absentee Owner Free & Clear
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419 Lowell St, Lexington, MA 02420 For Lease
$435,000
419 Lowell St, Lexington, MA 02420
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Property summary

AI-generated overview

This exceptional 3,800 square foot freestanding retail space, formerly a bank, presents a unique opportunity in the desirable Lexington, Massachusetts market. Located at 419 Lowell Street, this property boasts a prominent street presence and high visibility within Middlesex County. The entire building is currently vacant, offering a blank canvas for a discerning tenant to customize the space to their specific needs. The single suite layout provides flexibility and efficiency, eliminating the complexities of multi-tenant management. The building's previous use as a bank suggests a robust structure and potentially desirable security features. Its location in Lexington, MA, zip code 02420, offers access to a thriving community with a strong local economy and high foot traffic. This property is ideal for a variety of retail uses, providing ample space for a flagship store, showroom, or other retail-oriented business. The property's size and location make it an attractive investment for businesses seeking a high-impact presence in a sought-after area. The 3,800 square feet of available space offers significant potential for a business looking to establish or expand its operations in a prime location. Serious inquiries are encouraged to explore this exceptional retail opportunity.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2011
Construction STEEL FRAME
Total area 3,972 SF
Lot 0.43 ac (18,910 SF)
Zoning code CRS
APN LEXI M:0046 L:000033
UPID US38-1405831

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Loan Service
  • Bank Loan Service
  • Financial Advisor

Location

419 Lowell St Lexington, MA 02420
Lexington metro Census 358500 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$435k

Owner & transaction history

since 2010
3 recorded transactions
2010
$1
2008
Price N/A
2003
$512,000

Zoning & alternative use

CRS · Lexington, MA
Zoning description

residential uses permitted in an underlying zoning district. 3. (Reserved) 4. Developments in the VO or VLO District may contain nonresidential uses on the street floor and basement to the extent permitted in either the…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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