Commercial for Sale: 420 Common St, Lawrence, MA 01840

$3,600,000
$3,600,000
420 Common St, Lawrence, MA 01840
$3,600,000
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Price:
$3,600,000
$400,000 - 12/19/2024
Est. payment: Skip to Mortgage Calculator

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Type Commercial
Lot Size 0.22 acres
Year Built 1971
City Lawrence
County Essex
MLS 73305125
Status Active
DOM 67 days
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.

Lot & Building Features

Tax Year 2024
Taxes Paid $44,773

Price History of 420 Common St, Lawrence, MA

Date Name Price Difference
12/19/2024 Price Adjustment $3,600,000 10.00%
10/22/2024 Listing Price $4,000,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Photo of AJ Waitt
Direct: 603-437-4447
Office
200 Rockingham Road.
Londonderry, NH 03053
603-437-4447
Listed by Empire Real Estate™, Coa Realty Group
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420 Common St (MLS #73305125) is a commercial listing located in Lawrence, MA. This commercial listing is on a lot of 9,570 sqft (or 0.22 acres) and is 53 years old. This property was listed on 10/22/2024 and has been priced for sale at $3,600,000.

Nearby zip codes are 01841, 01843, 01844, 01845 and 01852. This property neighbors other cities such as Andover, Haverhill, Methuen, North Andover and Salem.

MLS PIN

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Listing information courtesy of: Empire Real Estate™

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing 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 or leasing. 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 set forth herein.