81 Bridge StLowell, MA 01852

Property Details for 81 Bridge St

Year built

1916

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.04 AC

Property size (Sq ft)

33,792 SF

Zone code

DMU

Property type

Office buildings

APN

LOWE M:178 B:780 L:81

APU

LOWEM178B780L81

Description

This exceptional 6,700 square foot medical office space is situated on the second floor of 81 Bridge Street, a Class B building in the heart of historic downtown Lowell, Massachusetts. Built in 1916 and extensively renovated in 2012, the property offers a blend of modern amenities and historic charm. The space, currently configured as a mix of private offices and open areas, is highly adaptable and suitable for a variety of medical or other professional uses. Previously occupied by a counseling and health organization, the layout is readily convertible to suit individual needs. The building boasts a total of 33,000 square feet across two stories, with ample parking available for tenants and visitors. Its prime location in downtown Lowell provides convenient access to the Lowell Connector, ensuring easy commutes for staff and clients. The available space presents a unique opportunity to establish or expand a practice in a vibrant and accessible location within Middlesex County. The property's multiple tenancy structure ensures a diverse and active building environment. This is a rare opportunity to secure a well-maintained, adaptable space in a desirable downtown location. The 01852 zip code offers excellent access to local amenities and a strong community presence.

• CAP approach

  CAP return

  Valuation

  6%

  $5,586,827

  6.5%

  $5,157,071

  7%

  $4,788,709

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,415,262

  Geo Method

  $4,415,262

• Alternative Use

  Use

  Valuation

  Residential

  $6,394,768

  Hospitality

  $5,857,573

  Educational

  $4,873,432

  Medical

  $5,041,037

  Retail

  $7,580,894

Location Insight

City

Lowell

County

Middlesex

State

Massachusetts

Latitude

42.6459

Longitude

-71.3057

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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