Building Details

Year Built 1985

Listing Agency: Properties Unlimited l***@cpmproperties.net Show Phone

Listed By: Lisa Martin Show Phone

Source: Liongatere

Added: Apr 22 Changed: Aug 8 Last Checked: Aug 19 at 1:47PM

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Investment Insights

Based on property information with market context.

This office unit includes a private bathroom and kitchenette either within or adjacent to the unit. The space is wired for cable modem/DSL. The building features a security system. Its location provides convenient access to Routes 93 and 495. Rent includes water, sewer, taxes, trash disposal, and snow removal.

Key Highlights

• Rent includes water & sewer, taxes, trash disposal, and snow removal.
• Office complete with private bath & kitchenette.
• Minutes to Rt. 93 & 495.

Property Analytics

Property Profile

Current Use

Metropolitan Auto Body ... Auto Repair Shop Psychological Services Inc Physician Asian Center-Merrimack Valley Social Service Agency PSI Training Center Suite 104 High School

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Building Supply Law Firm Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

248

Businesses Nearby

Explore this area Business Placement

Demographics for 01843, MA

28,346

Population

10,968

Households

2.6

Avg Household Size

34

Median Age

20%

College-Educated

79%

High-School Grad

3.4 sq mi

ZIP Area

8,337

Density / Sq Mi

$72,163

Median Household Income

$38,957

Median Earnings

$1,703

Median Rent

$393,700

Median Home Value

Market

Lease Benchmarks for Lawrence, MA

$18.8 /SF/Yr

Avg Asking Price

$13–$24 /SF/Yr

Price Range

4,481 SF

Avg Space Size

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Office units - Office space with private bath and kitchenette near highways.

Where is this office units located?

The property is located at 1 Ballard Way Lawrence, MA.

What is the lease rate?

The lease rate is $900/Mo.

What are key features of this property?

This property features: Rent includes water & sewer, taxes, trash disposal, and snow removal.; Office complete with **private bath & kitchenette.**; Minutes to Rt. 93 & 495.