90-92 Hall Street

The Subject Property is in a section of downtown Lowell, more specifically, the East Campus of the University of Massachusetts, Lowell (UML). This area is subject to an ambitious development plan known as the Lowell Innovation Network Corridor, LINC. For additional reference see the link below and Exhibit F, LINC Program Materials. https://www.lowell-inc.com The LINC neighborhood is described at the above UML website as “the heart of a pending economic transformation in Lowell.” The description continues, “For nearly two decades, UMass Lowell has steadily increased its research collaborations with industry, government agencies and non-profit organizations. With a research enterprise now approaching $120 million annually, the university is working with the City of Lowell to dramatically scale up these partnerships. LINC is the new development currently planned to meet the needs of companies seeking to relocate to Lowell to work alongside university faculty, researchers and students.” UML owns multiple area properties in the so-called East Campus, including the Tsongas Center, a 5.XXX seat sports and events venue, a student union and athletic facility, a portion of the Wannalancit Mill (office space), athletic fields, a residential mill complex and multiple new and older student dormitories. This ownership and the LINC plan make the independently owned Subject Property desirable for either public or private development.Unlock the potential of 90-92 Hall Street, a highly desirable retail and storage property located in the UMASS Lowell East Campus and home of the transformational Umass Lowell "LINC" plan. Since its construction in 1965, the property has been utilized for retail sales and a parts delivery service. The property includes two adjoining lots, respectively 7,323 square feet and 932 square feet, collectively, 8,255 square feet. The building features a large retail space, mezzanine storage, office, bathroom, and kitchen, plus two additional warehouse areas. The first-floor and second-floor effective square footage is 6,191 SF. The existing curb configuration presently allows four to five vehicles to park against the building. Strategically located in UMASS Lowell's emerging "LINC" district, this property represents a valuable opportunity for investment or redevelopment. Note. The square footage includes the first floor, 5,785 SF, and the second-floor office/kitchen, 407 SF. It does not include additional mezzanine storage space.