201 Cabot St

Lowell, Massachusetts

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201 Cabot Street Offering Memorandum

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Building

Stats

Property Type Office - Office Building
Year built 1970
Building size (SF) 22,905

Overview

Avison Young New England is pleased to offer for sale 201 Cabot Street, a 22,905 SF, two-story, office condominium located near the banks of the Merrimack River in Lowell, Massachusetts. Situated within a modernized two-unit mill building, each with a 50% interest in the building, the sun-filled office condo features a mix of open office space, private offices, huddle rooms, conference rooms, and a café area. Boasting desirable brick and beam interiors and exposed duct work, 201 Cabot Street received a comprehensive full unit renovation over recent years and is in move-in ready condition for the next owner-user or tenant.

Surrounded by UMass-Lowell’s East Campus, 201 Cabot Street is positioned within a population dense live-work-play area consisting of UMass Lowell Dormitories, Recreation Centers, renovated mill buildings for both office and residential use, and the Tsongas Center, a 7,000 seat multi-purpose sports and event venue. Directly above a local brewery and next to El Jefe Taco Bar and a short walk from dozens of restaurants, bars, nightlife, and retail amenities, 201 Cabot Street provides office users with an amenity rich location 25 miles northwest of Boston and only minutes from the New Hampshire border.

201 Cabot Street offers an exceptional opportunity for an owner that plans to occupy the condominium, or a value add investor that plans to re-lease the move-in ready office condo. 201 Cabot Street is being offered vacant, without an asking price, and free and clear of existing debt.

Location

Located 25 miles northwest of Boston, Lowell is the fifth largest city in Massachusetts and benefits from its proximity to Boston, major Southern New Hampshire cities, and connectivity via key interstate through fares and public transportation. The city is steeped in history and tradition from its time as the major center of cotton textile manufacturing in New England due to an abundance of waterpower from the Pawtucket Falls. Many of the 19th century mill buildings have been renovated and repurposed for contemporary uses, such as office, residential and retail. The city’s population of 113,000 people supports a range of operators in the area, led by the University of Massachusetts - Lowell, the states premier public technical school, Lowell General Hospital, and corporations such as UKG, IBM and Somerset Industries. 201 Cabot Street is surrounded by UMass-Lowell’s East Campus, consisting of a mix of dormitories, recreation, and student centers. The building is walking distance to the Tsongas Center, a 7,000 seat multi-purpose facility home to the UMass-Lowell Riverhawks Division 1 hockey team that also hosts a multitude of concerts and events throughout the year. A short walk downtown leads to a plethora of restaurants, retail, and nightlife along Merrimack and Market Streets.