EMAIL
MAZURTEAM@COMPASS.COM
PHONE NUMBER
(508) 801-8872
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$3,600,000
179 Days On Site
420 Common StLawrence, MA 01840
For Sale|Commercial Sale|Active
0
Beds
0
Full Baths
0
Partial Baths
—
SqFt
—
/SqFt
1971
Built
County:
Essex
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508-801-8872
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Seize the opportunity to own a cornerstone property in the thriving Lawrence, MA Opportunity Zone. This three-story, steel-frame office building with striking glass facades, located at 420 Common St, is fully leased to the Commonwealth of Massachusetts for Northern Essex Community College. Ideally situated across from the Lawrence Post Office, the building is part of the college’s "Educational Campus." In stellar condition, this property will be the crown jewel of any investors portfolio. It is fully occupied, with the tenant responsible for all maintenance, except HVAC, electrical servicing, and exterior upkeep, which fall under the owner's responsibilities. The strong and reliable tenancy ensures the building's structural integrity and consistent functionality.The 10-year lease, October 3, 2017 with scheduled increases of $10,000 per year in the final two years of the lease. This property performs month to month and year to year.
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Listing Snapshot
Price
$3,600,000
Days On Site
179 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
11
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.22 Acres
Year Built
1971
MLS® Number
73305125
Status
Active
Property Tax
$44,773.76
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 2 weeks ago | Listing updated with changes from the MLS® | |
| 4 months ago | Price changed to $3,600,000 | |
| 4 months ago | Status changed to Active | |
| 6 months ago | Listing first seen on site |
General Features
Acres
0.22
Parking Spaces
3
Sewer
Public Sewer
Utilities
Natural Gas Available
Water Source
Public
Zoning
B3
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Listing courtesy of Coa Realty Group of Empire Real Estate™
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
Last checked 2025-04-20 12:32 AM UTC
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
Last checked 2025-04-20 12:32 AM UTC
Neighborhood & Commute
Source: Walkscore
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