540 Merrimack Street, Lowell, MA 01854
- $1,600,000
- 5,802
- SqFt
- Sold Price
- $1,600,000
- List Price
- $1,900,000
- Status
- SOLD
- MLS#
- 73427504
- Living Area
- 5,802
- Lot Size (Acres)
- 0.37
- Year Built
- 1885
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.
Additional Information
- Taxes
- $10,204
Mortgage Calculator
Listing courtesy of Listing Agent: Nicole Canavan from Listing Office: Commonwealth Standard Realty Advisors.
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