Turnkey Medical Office
25 Marston St # 402 Lawrence Lawrence, MA 01841
25 Marston St # 402 Lawrence, Lawrence, MA, 01841
$689,000
For Sale
$689,000
Top-floor suite with exam rooms, multiple offices, and ample parking for staff and patients near Lawrence General Hospital.
Property Size2,725 SF
Price / SF$252.84
Days on Market114
Property Features for 25 Marston St # 402 Lawrence
General Information
- Standard status
- Active
- Size
- 2,725 SF
Building Details
- Year Built
- 2011
Listing agency
(508) 643-8166
Listed by
Amanda Lucido Hodges
(508) 643-8166
Source
Bournetosellrealestate
Added: Mar 31 Updated: Jul 10 at 1:49PM Checked: Jul 21 at 3:23AM
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 Amanda Lucido Hodges
Investment Insights
Based on property information with market context.
This turnkey, top-floor medical office suite at Marston Medical Center is designed for patient-facing workflow and day-to-day clinical use. The space features soaring 13-foot ceilings, exposed brick, oversized windows, and a bright reception area. Inside, the layout includes multiple exam rooms and offices, along with a full kitchen for staff convenience. The suite also has three bathrooms and is finished with maintained hardwood and retro checkered flooring throughout.
Located at 25 Marston St, the property provides convenient access for both staff and patients with ample garage parking. It is described as just steps from Lawrence General Hospital and minutes from I-495, supporting straightforward visits and commuting.
With its existing exam room configuration, reception area, and turn-key condition, the suite is well suited for an established practice seeking a polished environment within a medical center setting. The included kitchen and three bathrooms add practical support for everyday operations and patient flow. The combination of character features and a functional interior layout makes it a strong fit for medical and related professional uses looking to move in and begin serving patients.
Located at 25 Marston St, the property provides convenient access for both staff and patients with ample garage parking. It is described as just steps from Lawrence General Hospital and minutes from I-495, supporting straightforward visits and commuting.
With its existing exam room configuration, reception area, and turn-key condition, the suite is well suited for an established practice seeking a polished environment within a medical center setting. The included kitchen and three bathrooms add practical support for everyday operations and patient flow. The combination of character features and a functional interior layout makes it a strong fit for medical and related professional uses looking to move in and begin serving patients.
Key Highlights
- Top‑floor suite in Marston Medical Center, built in 2011
- 13‑foot ceilings with exposed brick and oversized windows
- Includes multiple exam rooms and offices plus a bright reception area
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.6k | $33.60 |
| − Vacancy | −$7.8k | −$2.86 |
| EGI | $83.8k | $30.74 |
| − OpEx | −$33.5k | −$12.30 |
| NOI | $50.3k | $18.45 |
2,725 SF · lease $33.60/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Office B
$1.09M
$949.4K – $1.27M
NOI $75,954 @ 7.0% cap · market cap 11.02%
Second Best
Healthcare Medical
$718.1K
$628.3K – $837.8K
NOI $50,266 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,923 @ 7.0% cap · market cap 16.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
Similar Off Market Nearby
- Wanda's — 178 Broadway, Lawrence, MA 01840
FAQs
What type of property is this?
Medical Office Space - Top-floor suite with exam rooms, multiple offices, and ample parking for staff and patients near Lawrence General Hospital.
Where is this medical office space located?
The property is located at 25 Marston St # 402 Lawrence Lawrence, MA.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Top‑floor suite in Marston Medical Center, built in 2011; 13‑foot ceilings with exposed brick and oversized windows; Includes multiple exam rooms and offices plus a bright reception area
