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420 Common St, Lawrence, MA 01840
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$3,600,000
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Home Details for 420 Common St
Price
$3,600,000
Type
Commercial/Industrial
Total Bathrooms
11
Year Build
1971
Lot Size
0.22
County
Essex
Tax
$44,773.76
MLS®️ Listing#
73305125
On exitrealty.com
315 days
Property Description
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.
- Water Features
- Public
- Utilities
- Natural Gas Available
Listing Courtesy: Empire Real Estateâ„¢ - 978-662-1981. Presented by: Coa Realty Group
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. Copyright ©2025 MLS Property Information Network, Inc. All Rights Reserved.
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EXIT PREMIER REAL ESTATE
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$3,600,000
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EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803