1533 Lakeview AveDracut, MA 01826

Property Details for 1533 Lakeview Ave

Year built

2006

Construction

FRAME

Lot size

0.92 AC

Property size (Sq ft)

5,040 SF

Zone code

B3

Property type

Showrooms

APN

DRAC M:45 L:8

APU

DRACM45L8

Description

This exceptional 1,064 square foot office space is available for lease in Dracut, Massachusetts, at 1533 Lakeview Ave, 01826. Located in a Class B building constructed in 2006, this single-tenant space is ideal for a variety of professional or medical uses. The property features a spacious reception area, a recently updated kitchenette complete with refrigerator, microwave, and quartz countertops, convenient closet storage, and a modern bathroom. The layout includes three generously sized private offices, plus a dedicated conference room, providing ample space for a growing business. The building sits on a 0.92-acre lot (40,236 square feet) and is part of a larger 5,135 square foot building with one story. The B3 zoning allows for diverse commercial uses. The property offers excellent visibility and accessibility due to its location on Lakeview Avenue, a high-traffic area. Included in the lease are water, snow removal, and landscaping services. Ample parking is available on-site. This is a fantastic opportunity for a business seeking a well-maintained, modern office space with convenient amenities and high visibility.

• CAP approach

  CAP return

  Valuation

  6%

  $1,224,896

  6.5%

  $1,130,673

  7%

  $1,049,911

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,659,486

  Geo Method

  $1,659,486

• Alternative Use

  Use

  Valuation

  Residential

  $953,765

  Hospitality

  $873,644

  Educational

  $726,861

  Medical

  $751,859

  Retail

  $1,130,673

Location Insight

City

Dracut

County

Middlesex

State

Massachusetts

Latitude

42.6756

Longitude

-71.3349

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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