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Freestanding Mixed-Use Property
New
For Sale
$499,900

139 Water Street, Lawrence, MA 01841

Existing commercial building with City-approved plans for one additional residential unit on the second floor.

Property SizeContact for details
Days on Market6

Property Features for 139 Water Street

General Information

Standard status Active
Property subtype Commercial

Building Details

Year Built 1950
Listing Agency: Realty ONE Group Nest
Listed By: Julie Chavez
Source: Stevebremis
Added: Aug 17 Changed: Aug 22 Last Checked: Aug 22 at 3:04AM

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 Realty ONE Group Nest

Investment Insights

Based on property information with market context.

This freestanding commercial property at 139 Water Street in Lawrence, MA, was built in 1950 and currently accommodates an operating business. The business itself is not part of the real estate sale and is being marketed separately.

The City of Lawrence has approved construction of one additional residential unit on the second floor, supporting a potential mixed-use configuration. Approved plans and zoning documentation are available for review by qualified buyers. Any buyer should independently confirm approvals, permits, requirements, and proposed uses with the City of Lawrence.

Key Highlights

  • City‑approved construction of one additional residential unit on the second floor
  • Freestanding commercial property at 139 Water Street, Lawrence, MA 01841
  • 1950 construction date

Property Analytics

Current Use

Carlos Cakes Bakery

Suggested Use

Top Pick Garden Center Acupuncture Real Estate Agency Carpet & Flooring Store Skin Care Clinic Veterinary Clinic

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

Location Intelligence

Trade Area within ½ mile

1,823
Businesses Nearby

Demographics for 01841, MA

53,654
Population
17,546
Households
3.1
Avg Household Size
33
Median Age
15%
College-Educated
70%
High-School Grad
3.0 sq mi
ZIP Area
17,885
Density / Sq Mi
$54,525
Median Household Income
$34,741
Median Earnings
$1,565
Median Rent
$393,800
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Existing commercial building with City-approved plans for one additional residential unit on the second floor.
Where is this mixed-use property located?
The property is located at 139 Water Street Lawrence, MA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: City‑approved construction of one additional residential unit on the second floor; Freestanding commercial property at 139 Water Street, Lawrence, MA 01841; 1950 construction date
More about this property
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