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817 Merrimack St 20,068 SF Vacant Office Building Lowell, MA 01854 For Sale
INVESTMENT HIGHLIGHTS
- Prime Central Location
- Flexible Zoning
EXECUTIVE SUMMARY
Newmark has been exclusively retained to sell 817 Merrimack Street in Lowell, Massachusetts, a two-story medical office building directly across the street from the UMass Lowell East Campus. The building’s prime location at the heart of a vibrant academic, business and student-driven area offers future ownership the opportunity to pursue a medical, office, retail, or mixed-use repositioning of the asset, all of which are allowed under the existing INST zoning.
Residential uses are inconsistent with the UMass Building Authority’s (UMBA) purchase and UMass Lowell’s (UML) ongoing campus operations. Therefore, any interest for residential uses will not be considered at this time. Further, UMBA and UML are leading a transformative redevelopment of a portion of East Campus known as LINC. Interested parties are encouraged to define how their reuse of the property will support the adjacent campus uses and initiatives, including LINC.
The asset is being offered without a formal asking price, free and clear
of debt.
Residential uses are inconsistent with the UMass Building Authority’s (UMBA) purchase and UMass Lowell’s (UML) ongoing campus operations. Therefore, any interest for residential uses will not be considered at this time. Further, UMBA and UML are leading a transformative redevelopment of a portion of East Campus known as LINC. Interested parties are encouraged to define how their reuse of the property will support the adjacent campus uses and initiatives, including LINC.
The asset is being offered without a formal asking price, free and clear
of debt.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
20,068 SF
Building Class
B
Year Built
1979
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,034 SF
Slab To Slab
11’
Building FAR
0.50
Lot Size
0.93 AC
Zoning
INST - dormitory, hotel, mix use, housing, multi family, retail, restaurant, office, medical
Parking
30 Spaces (1.49 Spaces per 1,000 SF Leased)
AMENITIES
- Wheelchair Accessible
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Walk Score®
Very Walkable (85)
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817 Merrimack St
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