39 John StLowell, MA 01852

Property Details for 39 John St

Year built

1924

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.10 AC

Property size (Sq ft)

7,776 SF

Zone code

DMU

Property type

Office buildings

APN

LOWE M:178 B:3270 L:39

APU

LOWEM178B3270L39

Description

This exceptional 7,900 square foot executive office space is situated at 39 John Street in the heart of Lowell, Massachusetts. Located in a Class C building constructed in 1924 and extensively renovated in 2021, this property offers a unique opportunity for businesses seeking a prominent downtown presence. The entire fourth floor comprises this single, contiguous space, offering flexibility and ample room for a variety of office configurations. The building itself boasts a total of 9,850 square feet, distributed across four stories, and includes convenient elevator access. The property is zoned for business use and benefits from the abundance of public parking directly adjacent to the building. This prime location places businesses within easy reach of numerous downtown Lowell attractions. The current vacancy presents a rare chance to lease a fully customizable space. The owners are committed to investing over $500,000 in renovations to the fourth floor, tailoring the space to meet the specific needs of the tenant. With its blend of historic charm and modern amenities, this property offers an unparalleled opportunity for businesses seeking a sophisticated and convenient office environment in the vibrant city of Lowell. The building features three total suites, and this space represents the minimum divisible square footage available. The property is located in Middlesex County, MA, zip code 01852, and is conveniently located near Paige Street.

• CAP approach

  CAP return

  Valuation

  6%

  $1,285,605

  6.5%

  $1,186,712

  7%

  $1,101,947

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,016,012

  Geo Method

  $1,016,012

• Alternative Use

  Use

  Valuation

  Residential

  $1,471,523

  Hospitality

  $1,347,908

  Educational

  $1,121,443

  Medical

  $1,160,011

  Retail

  $1,744,467

Location Insight

City

Lowell

County

Middlesex

State

Massachusetts

Latitude

42.6461

Longitude

-71.3086

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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