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540 Merrimack Street Lowell, MA 01854
5,802 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,802 sqft
Price per Sqft $327
MLS Listing ID 73427504
HOA Y/N false
Year Built 1885
Annual Tax Amount $10,204
Tax Year 2026
Lot Size 0.370 Acres
Acres 0.37
Property Description
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.
Location
State MA
County Middlesex
Zoning UMU
Direction Corner of Merrimack and Hanover Streets.
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available
Total Parking Spaces 25
Others
Senior Community false
Listed by Commonwealth Standard Realty Advisors
