Top-Floor Medical Office
For Sale
Contact for pricing
25 Marston Street Unit 404, Lawrence, MA 01841
Built-out healthcare space features exam rooms, private offices, reception, waiting, and dedicated restrooms.
Property Size9,224 SF
Price / SF$0.00
Days on Market58
Property Features for 25 Marston Street Unit 404
General Information
Standard status
Active
Size
9,224 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Amenities
expansive Merrimack River views
attractive reception area
comfortable waiting room
private offices
more than 16 examination/treatment rooms
dedicated restrooms
utility spaces
Building Details
Year Built
1920
Tenancy
Multi
Listing Agency:
The Edge Group, Inc.
(978) 458-8822
Listed By:
Gary Sidell
(978) 375-7363
Source:
Lockandkeyre
Added: Aug 19
Changed: Oct 15
Last Checked: Oct 14 at 11:38PM
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.
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Investment Insights
Based on property information with market context.
This 9,224-square-foot medical office building, constructed in 1920, includes a built-out suite on the top floor. The space offers a reception area, waiting room, private offices, more than 16 examination and treatment rooms, dedicated restrooms, and utility areas. Expansive views of the Merrimack River add a distinctive setting for the suite.
The building is occupied by medical specialists representing cardiology, chiropractic care, neurology, nephrology, primary care, and oral surgery. The property provides access to Route 495 and ample parking. Available space can be divided to approximately 4,200 SF, with flexible leasing options for healthcare users.
The building is occupied by medical specialists representing cardiology, chiropractic care, neurology, nephrology, primary care, and oral surgery. The property provides access to Route 495 and ample parking. Available space can be divided to approximately 4,200 SF, with flexible leasing options for healthcare users.
Key Highlights
- Top‑floor medical suite with reception, waiting area, private offices, and utility spaces
- More than 16 examination and treatment rooms
- Approximately 4,200 SF minimum divisible space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$170,150
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,403,000
$3.4M
Cap Rate 7%
$2,430,714
$2.4M
Cap Rate 9%
$1,890,556
$1.9M
Market Conditions
NOI Build-Up for 9,224 SF
Gross rent
$309.9K $33.60/SF
− Vacancy
−$26.3K −$2.86/SF
EGI
$283.6K $30.74/SF
− OpEx
−$113.4K −$12.30/SF
NOI
$170.1K $18.45/SF
Area
Essex County, MA
Vacancy
8.50%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,403,000
Cap Rate 7%
$2,430,714
Cap Rate 9%
$1,890,556
Alternative Uses
Best Use
Office B
$3.67M
$3.21M – $4.29M
NOI $257,101 @ 7.0% cap · market cap 1,606,881.25%
Second Best
Healthcare Medical
$2.43M
$2.13M – $2.84M
NOI $170,150 @ 7.0% cap · market cap 1,063,437.50%
Theoretical Best
Office A
$5.46M
$4.78M – $6.37M
NOI $382,240 @ 7.0% cap · market cap 2,389,000.00%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,035
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Built-out healthcare space features exam rooms, private offices, reception, waiting, and dedicated restrooms.
Where is this medical office space located?
The property is located at 25 Marston Street Unit 404 Lawrence, MA.
What are key features of this property?
This property features: Top‑floor medical suite with reception, waiting area, private offices, and utility spaces; More than 16 examination and treatment rooms; Approximately 4,200 SF minimum divisible space
