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Downtown Retail/Office Building
For Sale
$947,000

407 Essex St, Lawrence, MA 01840

Brick street-level storefront with large windows and a high-ceiling finished basement, positioned near a major community college.

Property Size7,308 SF
Price / SF$129.58
Days on Market45

Property Features for 407 Essex St

General Information

Standard status Active
Size 7,308 SF
Zoning CI

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $10,914

Building Details

Year Built 1971
Listing Agency: Century 21 North East
Listed By: Fermin Group
Source: Dohertyproperties
Added: Jul 8 Changed: Aug 8 Last Checked: Aug 21 at 4:26AM

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 Century 21 North East

Investment Insights

Based on property information with market context.

This brick downtown building offers flexible retail and office space, including a street-level storefront and a high-ceiling finished basement. The property features 3,654 square feet of storefront area, plus an additional 3,654 square feet in the finished basement, with interior finishes designed for active use.

The building is positioned virtually adjacent to the Northern Essex Community College Health and Technology Center and is described as being within a few blocks of Route 28, with proximity to Interstates 495 and 93 and a high traffic count. The street-level setting includes large windows for natural light and sidewalk visibility, and it provides entrances to “The Alley Way.”

Key Highlights

  • Brick street‑level storefront with large windows and sidewalk visibility
  • 3,654 sq. ft. of storefront space plus 3,654 sq. ft. high‑ceiling finished basement
  • Positioned virtually adjacent to Northern Essex Community College Health and Technology Center

Property Analytics

Current Use

La Moda Clothing Store

Suggested Use

Top Pick Real Estate Agency Garden Center Storage Facility Veterinary Clinic Electrical Service Acupuncture

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

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,615
Businesses Nearby

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

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Brick street-level storefront with large windows and a high-ceiling finished basement, positioned near a major community college.
Where is this retail space located?
The property is located at 407 Essex St Lawrence, MA.
What is the asking price?
The asking price for this property is $947,000.
What are key features of this property?
This property features: Brick street‑level storefront with large windows and sidewalk visibility; 3,654 sq. ft. of storefront space plus 3,654 sq. ft. high‑ceiling finished basement; Positioned virtually adjacent to Northern Essex Community College Health and Technology Center
More about this property
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