Lowell, Massachusetts, is a city with a rich history as a planned manufacturing center for textiles, making it an attractive location for investors seeking Office Properties For Sale. With its strong educational institutions, arts facilities, and sports traditions, Lowell offers a unique blend of culture and commerce. Office Properties in Lowell are a great investment opportunity, providing a diverse range of possibilities, from traditional office spaces to modern, innovative work environments. Whether you're looking for a small, boutique office or a large, corporate complex, Lowell's Office Properties have something to offer. The city's amenities, infrastructure, location, education, and geography make it an ideal place to invest in an Office Property. For instance, the Lowell Regional Transit Authority (LRTA) provides convenient public transportation, while the Lowell National Historical Park offers a unique blend of history and recreation. Additionally, the city is home to esteemed educational institutions like the University of Massachusetts Lowell and Middlesex Community College. With its proximity to major transportation hubs, including the Gallagher Terminal and the Lowell train station, Lowell is an attractive location for businesses and commuters alike. The city's attractions, such as the Whistler House Museum of Art, the Merrimack Repertory Theatre, and the Lowell Memorial Auditorium, also make it an appealing place to live and work.
With 5 Office Properties For Sale in Lowell, investors have a wide range of options to choose from. The city's Office Properties offer an average price per square foot of $102 USD, with an average size of 13,023 square feet and a largest size of 21,540 square feet. The average cap rate for Office Properties in Lowell is. In addition to Office Properties, Lowell also offers a range of other property types, including Commercial Real Estate, which provides opportunities for retail and industrial investments. Apartment Buildings are another option, offering a chance to invest in residential properties. Shopping Centers and Hotels are also available, providing opportunities for investors to tap into the city's thriving retail and tourism sectors. Overall, Lowell's diverse range of property types and its unique blend of culture and commerce make it an attractive location for investors seeking Office Properties For Sale.
What is the average price per square foot for office properties in Lowell?
The average price per square foot for office properties in Lowell is $102 USD per square foot, with 5 available listings ranging in size from 13,023 square feet to 21,540 square feet, offering a diverse range of options for investors and businesses.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Lowell, it's essential to understand the classification system, which categorizes properties based on their quality, amenities, and location, to make an informed decision.
- Class A office properties are high-quality, modern buildings with premium finishes, advanced technology, and prime locations, often attracting top-tier tenants and commanding higher rental rates.
- Class B office properties are mid-range buildings with standard finishes and amenities, suitable for a wide range of tenants, offering a balance between quality and affordability.
- Class C office properties are older, functional buildings with basic amenities, typically located in less desirable areas, and often requiring renovation or upgrading, which can impact their rental income and resale value.
