Property profile

81 Bridge St Lowell, MA 01852

FOR LEASE
Office buildings
Property ID
US38-1814543
33,792 SF 1.04 ac lot Built 1916
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 6,700 square foot medical office space is situated on the second floor of 81 Bridge Street, a Class B building in the heart of historic downtown Lowell, Massachusetts. Built in 1916 and extensively renovated in 2012, the property offers a blend of modern amenities and historic charm. The space, currently configured as a mix of private offices and open areas, is highly adaptable and suitable for a variety of medical or other professional uses. Previously occupied by a counseling and health organization, the layout is readily convertible to suit individual needs. The building boasts a total of 33,000 square feet across two stories, with ample parking available for tenants and visitors. Its prime location in downtown Lowell provides convenient access to the Lowell Connector, ensuring easy commutes for staff and clients. The available space presents a unique opportunity to establish or expand a practice in a vibrant and accessible location within Middlesex County. The property's multiple tenancy structure ensures a diverse and active building environment. This is a rare opportunity to secure a well-maintained, adaptable space in a desirable downtown location. The 01852 zip code offers excellent access to local amenities and a strong community presence.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1916
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 33,792 SF
Lot 1.04 ac (45,302 SF)
Zoning code DMU
APN LOWE M:178 B:780 L:81
UPID US38-1814543

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
  • Insurance Agency
  • Counselor
  • Church
  • Advocacy Group
  • Church

Location

81 Bridge St Lowell, MA 01852
Lowell metro Census 310101 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.75M
Blend (final) Blend
$2.20M

Owner & transaction history

since 2020
3 recorded transactions
2021
Price N/A
2020
$2.6M
2011
Price N/A

Zoning & alternative use

DMU · Lowell, MA
Zoning description

DMU District promotes the vitality of Lowell historic downtown. The DMU is designed to promote a vibrant urban environment in the heart of Downtown Lowell

General category MIXED_USE

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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