31 First Street Boulevard

Strategically located on First Street Boulevard in Lowell’s Centralville neighborhood, this property offers excellent access and visibility within one of the city’s most active commercial and industrial areas. The site is minutes from Route 38, I-495, and Route 3, providing convenient access for logistics, distribution, and operations. The surrounding area features a blend of light industrial, commercial, and service businesses, with nearby access to downtown Lowell and the Greater Merrimack Valley. The boulevard location allows for efficient truck access and strong vehicular traffic exposure. This well-positioned property is ideal for warehouse, light manufacturing, contractor, or flex-use operations seeking a central Merrimack Valley location with quick highway access and proximity to the New Hampshire border.Well-maintained, recently upgraded light industrial/retail/office building offering in-place income with upside. Approximately two-thirds of the property is leased to a national auto parts distributor for warehousing/inventory under a 5-year NNN lease, with additional space available to lease or occupy. • Warehousing (leased): 18,335 Net SF • Retail/Office (available): 5,250 Net SF • Rear warehousing/storage (available): 1,950 Net SF Recent capital improvements include roof, HVAC, electrical, and fire protection upgrades—helping reduce near-term capital needs for new ownership. Strategically located on high-visibility First Street Boulevard (state highway) with strong access and on-site parking. An ideal opportunity for investors seeking stable NNN cash flow with additional leasing/occupancy upside, and for owner-users who can occupy 5,250 SF available while offsetting ownership costs with income from the existing cash flow.Renovated light industrial and office/retail property offering excellent visibility, accessibility, and flexible use potential. The building is partially occupied by a national auto parts retailer under a long-term NNN lease, with 5,250 SF of office/retail space and 1,950 SF of storage space currently available for lease. Recent upgrades include a new roof, HVAC systems, and fire protection improvements. The property benefits from a high-traffic location (17,949 vehicles per day) and ample on-site parking, situated on separate parcels under common ownership. Ideal for a wide range of commercial users seeking well-maintained, move-in-ready space in a strong market area. Former auto parts tenant equipment and stored materials not included. Environmental remediation, including former tank removal and asbestos abatement, completed during the 2020 renovation. Full reports available upon request.