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31 1st St 25,435 SF Industrial Building Lowell, MA 01850 $4,110,985 CAD ($161.63 CAD/SF)

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EXECUTIVE SUMMARY

Prime Investment or Owner-User Opportunity. Great location, condition, and potential for investor or owner user. Renovated light industrial and office/retail property with flexible use potential. Majority leased to a national auto parts retailer on a 5-year NNN lease for warehouse use. An additional 5,200 SF office/retail and 2,000 SF storage spaces available for occupancy. Recent upgrades include roof, HVAC, and fire protection systems. High-visibility location with 17,949 daily traffic count. Building and parking lot on separate parcels under common ownership. Lease and income details available to qualified buyers. Items belonging to auto parts store and rear stored items are excluded from sale. Sale includes 15 1st St.(parking lot), 31 and 31.1 1st St. Blvd. (building). Underground tank previously removed, two 3,000-gallon fuel oil tanks filled with slurry. Old boiler disabled, remediated. Other remediation (asbestos) completed during 2020 renovation. 21E and other records available.

PROPERTY FACTS

Price $4,110,985 CAD
Price Per SF $161.63 CAD
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 0.82 AC
Rentable Building Area 25,435 SF
No. Stories 1
Year Built 1920
Tenancy Single
Parking Ratio 1.57/1,000 SF
Clear Ceiling Height 14’
No. Drive In / Grade-Level Doors 1
Zoning B100 - CA

AMENITIES

  • Signage
  • Waterfront
  • Air Conditioning

UTILITIES

  • Lighting - Fluorescent
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Electric

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor
  • 25,730 SF
  • Industrial
  • -
  • Now

Renovated light industrial and office/retail property offering excellent visibility, accessibility, and flexible use potential. The building is partially occupied by a national auto parts retailer under a long-term NNN lease, with 5,200 SF of office/retail space and 2,000 SF of storage space currently available for lease. Recent upgrades include a new roof, HVAC systems, and fire protection improvements. The property benefits from a high-traffic location (17,949 vehicles per day) and ample on-site parking, situated on separate parcels under common ownership. Ideal for a wide range of commercial users seeking well-maintained, move-in-ready space in a strong market area. Former auto parts tenant equipment and stored materials not included. Environmental remediation, including former tank removal and asbestos abatement, completed during the 2020 renovation. Full reports available upon request.

Space Size Space Use Condition Available
1st Floor 25,730 SF Industrial - Now

1st Floor

Size
25,730 SF
Space Use
Industrial
Condition
-
Available
Now

1st Floor

Size 25,730 SF
Space Use Industrial
Condition -
Available Now

Renovated light industrial and office/retail property offering excellent visibility, accessibility, and flexible use potential. The building is partially occupied by a national auto parts retailer under a long-term NNN lease, with 5,200 SF of office/retail space and 2,000 SF of storage space currently available for lease. Recent upgrades include a new roof, HVAC systems, and fire protection improvements. The property benefits from a high-traffic location (17,949 vehicles per day) and ample on-site parking, situated on separate parcels under common ownership. Ideal for a wide range of commercial users seeking well-maintained, move-in-ready space in a strong market area. Former auto parts tenant equipment and stored materials not included. Environmental remediation, including former tank removal and asbestos abatement, completed during the 2020 renovation. Full reports available upon request.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
LOWE-000177-002327-000031
Land Assessment
$248,759 CAD
Improvements Assessment
$1,751,757 CAD
Total Assessment
$2,000,516 CAD
  • Listing ID: 38174109

  • Date on Market: 2025-10-22

  • Last Updated:

  • Address: 31 1st St, Lowell, MA 01850

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