MA
Middlesex
Lowell
01854
540 Merrimack Street
540 Merrimack Street, Lowell, MA 01854
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Listing Type
Commercial/Industrial
Listing Status
Active
29
$1,900,000

Home Details for 540 Merrimack Street

Price
$1,900,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
5802
Year built
1885
Lot size acres
0.37
County
Middlesex
Garage
Days on site
97
MLS Listing#
73427504
Property Description

Corner lot on Merrimack Street and Hanover Street with mixed use building prime for re-development in the MBTA overlay district. Sale includes three parcels: 540 Merrimack Street - an existing mixed use building with 2 commercial units and 6 residential apartments on 0.03 acres; 520 Merrimack Street - a 0.31 acre adjacent vacant lot currently leased out for parking; and 11 Hanover Street - a 0.03 acre lot providing a second entrance to the parking lot/access around the existing building. The El Kareh building at 540 Merrimack Street consists of commercial space on the ground floor: a large street retail unit formerly a high end hair salon, a second street retail unit with separate entrance on Hanover Street formerly used as a dress shop. Upper floors include up to six apartments. At one point the 2nd floor was used as a dentist office. Utilities are on. Adjacent lot offers adequate parking for both businesses and residences. Parking lot is currently leased to adjacent market m2m.

Property Features
  • Water Features
    • Public
  • Utilities
    • Natural Gas Available
Listing Courtesy: Commonwealth Standard Realty Advisors - 617-286-6855
Presented by: Nicole Canavan
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Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803
Brenda Cahoon
License #: 9049354
REALTOR®, MAR
Office
781 270 4770
Agent
781 910 5770
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