Corner lot on Merrimack Street and Hanover Street with mixed use building prime for re-development in the MBTA overlay district. Sale includes three parcels: 540 Merrimack Street – an existing mixed use building with 2 commercial units and 6 residential apartments on 0.03 acres; 520 Merrimack Street – a 0.31 acre adjacent vacant lot currently leased out for parking; and 11 Hanover Street – a 0.03 acre lot providing a second entrance to the parking lot/access around the existing building. The El Kareh building at 540 Merrimack Street consists of commercial space on the ground floor: a large street retail unit formerly a high end hair salon, a second street retail unit with separate entrance on Hanover Street formerly used as a dress shop. Upper floors include up to six apartments. At one point the 2nd floor was used as a dentist office. Utilities are on. Adjacent lot offers adequate parking for both businesses and residences. Parking lot is currently leased to adjacent market m2m.
- Tax Year:
- 2026
- Status:
- Closed
- Zoning:
- UMU
- Orig Price:
- $1,900,000
- Waterfront:
- No
- MlsStatus:
- Sold
- City:
- Lowell
- State:
- MA
- County:
- Middlesex
- Postal Code:
- 01854
- Longitude:
- W72° 40' 58.6''
- Latitude:
- N42° 38' 49.7''
Commercial Sale
540 Merrimack Street, Lowell, Massachusetts
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $1,900,000
- Square Footage :
- 5,802 Sqft
- Year Built :
- 1885
- Lot Area :
- 0.37 Acre
- Listing ID :
- 73427504
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com