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Sound-Atten uated Upper-Floor Apartment Units
For Lease
$3,400/Mo

215 Canal St. # 3, Lawrence, MA 01840

Upper floors offer 1–3 bedroom apartments over a commercial space including a Reading Co-Op Bank branch.

Space SizeContact for details
Property Size1,442 SF
Days on Market194

Property Features for 215 Canal St. # 3

General Information

Standard status Active
Size 1,442 SF
Property subtype Apartment

Additional Details

Highway Access Yes

Amenities

stainless steel appliances
granite counter-tops
breakfast bar with charging ports
key fob access
security system
assigned parking
city and canal views

Building Details

Building Size 1,442 SF
Year Built 2024
Tenancy Multi
Listing Agency: The Edge Group, Inc.
Listed By: Vladimir Saldana · License #MASSACHUSETTS-9575388
Source: Kevinfruh
Added: Feb 25 Changed: Sep 4 Last Checked: Sep 7 at 7:51AM

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 The Edge Group, Inc.

Investment Insights

Based on property information with market context.

215 Canal St. (#3), Lawrence, MA 01840 is a newer mixed-use building with residential apartments on the upper floors above a commercial space. The building includes sound attenuation designed for noise reduction and features modern apartment finishes and conveniences such as stainless steel appliances, granite countertops, a breakfast bar with charging ports, key fob access, and a security system.

The commercial component is home to the new Reading Co-Op Bank branch and additional future retail tenants. The building is centrally located with assigned parking and offers city and canal views. Residents also have walking access to the Commuter Rail (MBTA) and convenient access to Interstates 93 and 495, supporting an everyday, on-the-go lifestyle.

Key Highlights

  • Year built 2024 mixed‑use building with upper‑floor 1–3 bedroom apartments over commercial space
  • Commercial space includes a Reading Co‑Op Bank branch, with other future retail tenants
  • Apartments feature stainless steel appliances and granite countertops

Property Analytics

Current Use

Reading Cooperative Bank Bank

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Garden Center Storage Facility HVAC Service

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

Multi-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,700
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

Lease Benchmarks for Lawrence, MA

$22.52 /SF/Yr
Avg Asking Price
$20.73–$24.15 /SF/Yr
Price Range
2,912 SF
Avg Space Size

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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Upper floors offer 1–3 bedroom apartments over a commercial space including a Reading Co-Op Bank branch.
Where is this mixed-use property located?
The property is located at 215 Canal St. # 3 Lawrence, MA.
What is the lease rate?
The lease rate is $3,400/Mo.
What are key features of this property?
This property features: Year built 2024 mixed‑use building with upper‑floor 1–3 bedroom apartments over commercial space; Commercial space includes a Reading Co‑Op Bank branch, with other future retail tenants; Apartments feature stainless steel appliances and granite countertops
More about this property
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