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Thorndike Exchange 165 Thorndike St 65 Unit Apartment Building For Sale Lowell, MA 01852
Investment Highlights
- Exceptional Finishes & Amenities
- Vibrant Downtown Location
- Development Potential
- Outstanding Highway & Transit Access
- Below Replacement Cost
Executive Summary
THORNDIKE EXCHANGE is a thriving mixed-use community in a restored mill building, blending industrial style with trendy urban living in the heart of Lowell, MA. This 65-unit building features upscale amenities and a prime location with direct access to the MBTA Commuter Rail and I-495 as well as surrounding interstates.
Property Facts
| Sale Type | Investment | Lot Size | 1.52 AC |
| No. Units | 65 | Building Size | 189,320 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 6 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1880/2019 |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | UMU | ||
| Sale Type | Investment |
| No. Units | 65 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 1.52 AC |
| Building Size | 189,320 SF |
| Average Occupancy | 100% |
| No. Stories | 6 |
| Year Built/Renovated | 1880/2019 |
| Opportunity Zone |
Yes |
| Zoning | UMU |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Freezer
- Patio
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Fitness Center
- Property Manager on Site
- Dry Cleaning Service
- Grill
- Laundry Service
- Package Service
- Pet Play Area
- Vintage Building
- Bicycle Storage
- Lounge
- Online Services
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | - | 1 |
| 2+1 | 34 | - | 1 |
| 2+2 | 7 | - | 1 |
1 1
Moderately walkable
60/100
Moderately drivable
60/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | LOWE-000162-005705-000165 | Improvements Assessment | $26,858,576 CAD |
| Land Assessment | $975,029 CAD | Total Assessment | $27,833,605 CAD |
Property Taxes
Parcel Number
LOWE-000162-005705-000165
Land Assessment
$975,029 CAD
Improvements Assessment
$26,858,576 CAD
Total Assessment
$27,833,605 CAD
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Thorndike Exchange | 165 Thorndike St
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