Mixed-Use Building with Street-Level
New
For Lease
$6,600,000
11-21 Lawrence Street, Lawrence, MA 01840
Upper-floor apartments sit above commercial suites, including a Chase Bank location with a long-term lease and renewal options.
Space SizeContact for details
Days on Market2
Property Features for 11-21 Lawrence Street
General Information
Standard status
Active
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$60,594
Building Details
Year Built
1905
Listing Agency:
Horvath & Tremblay
(413) 333-7776
Listed By:
Spencer Norton · License #9562958
(781) 776-4524
Source:
Ma-cthomes
Added: Oct 19
Last Checked: Oct 19 at 2:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Horvath & Tremblay
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Investment Insights
Based on property information with market context.
The Bay State Building combines residential and commercial space across the first four floors of an eight-story, elevator-served building. Its 39 units include 32 apartments and seven street-level commercial spaces. The residential mix comprises four 3+ bedroom/1.5-bath units, one 3-bedroom/1-bath unit, three 2+ bedroom/1-bath units, 19 2-bedroom/1-bath units, three 1-bedroom/1-bath units, and two studios. The four-floor portion measures 60,243 square feet of gross living area and 76,212 square feet of gross area. The building dates to 1905.
Chase Bank is the commercial anchor. It entered a 10-year lease in 2022 with four five-year renewal options. Tenant utilities are separately metered; the landlord provides city water and sewer. The property is at 11-21 Lawrence Street in downtown Lawrence, Massachusetts.
Chase Bank is the commercial anchor. It entered a 10-year lease in 2022 with four five-year renewal options. Tenant utilities are separately metered; the landlord provides city water and sewer. The property is at 11-21 Lawrence Street in downtown Lawrence, Massachusetts.
Key Highlights
- 39 units: 32 residential apartments and 7 commercial spaces
- Chase Bank lease signed in 2022 for 10 years, with four 5‑year renewal options
- Floors 1‑4 include 60,243 square feet of gross living area and 76,212 square feet of gross area
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
2,931
Businesses Nearby
Explore this area
Business Placement
Demographics for 01840, MA
7,121
Population
3,415
Households
2.1
Avg Household Size
36
Median Age
13%
College-Educated
69%
High-School Grad
0.5 sq mi
ZIP Area
14,242
Density / Sq Mi
$34,630
Median Household Income
$31,930
Median Earnings
$1,174
Median Rent
Market
Lease Benchmarks for Lawrence, MA
$22.8 /SF/Yr
Avg Asking Price
$20.73–$24.15 /SF/Yr
Price Range
3,069 SF
Avg Space Size
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Upper-floor apartments sit above commercial suites, including a Chase Bank location with a long-term lease and renewal options.
Where is this mixed-use property located?
The property is located at 11-21 Lawrence Street Lawrence, MA.
What is the lease rate?
The lease rate is $6,600,000.
What are key features of this property?
This property features: 39 units: 32 residential apartments and 7 commercial spaces; Chase Bank lease signed in 2022 for 10 years, with four 5‑year renewal options; Floors 1‑4 include 60,243 square feet of gross living area and 76,212 square feet of gross area
