$1,900,000
540 Merrimack Street
Lowell, MA, 01854
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.
Property Details
Price:
$1,900,000
MLS #:
73427504
Status:
Active
Beds:
0
Baths:
0
Address:
540 Merrimack Street
Type:
Commercial
City:
Lowell
Listed Date:
Sep 8, 2025
State:
MA
Finished Sq Ft:
5,802
Total Sq Ft:
5,802
ZIP:
01854
Lot Size:
16,117 sqft / 0.37 acres (approx)
Year Built:
1885
Schools
Interior
Exterior
Parking Spots
25
Financial
Tax Year
2026
Taxes
$10,204
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Courtesy of Commonwealth Standard Realty Advisors. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
540 Merrimack Street
Lowell, MA
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