Property summary
The property consists of the historically significant Wannalancitt Mills textile mill complex located in downtown Lowell, adjacent to the UMASS Lowell campus. The complex includes four interconnected buildings totaling more than 280,000 square feet and is configured to support modern office use and high-tech manufacturing use. Interior features include 12-foot high ceilings, exposed brick and wooden beam elements, and oversized operable windows providing natural light. The buildings have undergone renovations intended to support contemporary occupancy requirements while retaining historic character. Common amenities described for the complex include on-site dining options, a fitness center with lockers and showers, covered parking, and walking trails along the Merrimack River.
Property profile
VerifiedCap rate & NOI
Current use
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Physician
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Business Service Center Corporate Office
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Counselor Doctor
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Pharmacy
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Environmental Consultant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The institutional mixed-use district is designed to capitalize on the development potential of the major institutional campuses in the City, while also serving to contain the impact of these campuses within designated ar…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
INST · Lowell, MAThe institutional mixed-use district is designed to capitalize on the development potential of the major institutional campuses in the City, while also serving to contain the impact of these campuses within designated ar…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The institutional mixed-use district is designed to capitalize on the development potential of the major institutional campuses in the City, while also serving to contain the impact of these campuses within designated ar…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for INST in Lowell, MA.
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