Multi-Room Office Flex
For Sale
Contact for pricing
250 Canal Street, Lawrence, MA 01840
Office space with three separate offices and an open area, suitable for a range of business and community uses.
Property Size1,862 SF
Price / SF$1.50
Days on Market114
Property Features for 250 Canal Street
General Information
Standard status
Active
Size
1,862 SF
Property subtype
Commercial
Additional Details
Office Units
3
Building Details
Year Built
1800
Listing Agency:
Empire Real EstateTM
(978) 662-1981
Listed By:
George Silva · License #9506309
(978) 965-3554
Source:
Lockandkeyre
Added: Jul 11
Changed: Oct 31
Last Checked: Nov 1 at 5:31AM
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 Empire Real EstateTM
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Investment Insights
Based on property information with market context.
Centrally located office space offering three separate offices and an open area. The layout supports flexible interior use across multiple possible business or community functions.
The property is offered for sale at 250 Canal Street in Lawrence, MA.
The space is configured for both private rooms and a shared open area, giving a practical mix for meeting needs and general workspace.
The property is offered for sale at 250 Canal Street in Lawrence, MA.
The space is configured for both private rooms and a shared open area, giving a practical mix for meeting needs and general workspace.
Key Highlights
- Office space built in 1800
- Includes three separate offices plus an open area
- Layout can support a range of uses such as office, church, personal coaching, or retail
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,900
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,038,000
$1.0M
Cap Rate 7%
$741,429
$741.4K
Cap Rate 9%
$576,667
$576.7K
Market Conditions
NOI Build-Up for 1,862 SF
Gross rent
$84.9K $45.60/SF
− Vacancy
−$15.7K −$8.44/SF
EGI
$69.2K $37.16/SF
− OpEx
−$17.3K −$9.29/SF
NOI
$51.9K $27.87/SF
Area
Essex County, MA
Vacancy
18.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,038,000
Cap Rate 7%
$741,429
Cap Rate 9%
$576,667
Alternative Uses
Best Use
Office B
$741.4K
$648.8K – $865.0K
NOI $51,900 @ 7.0% cap · market cap 1,853.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$964.5K – $1.29M
NOI $77,161 @ 7.0% cap · market cap 2,755.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
3,137
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Office space with three separate offices and an open area, suitable for a range of business and community uses.
Where is this office unit located?
The property is located at 250 Canal Street Lawrence, MA.
What are key features of this property?
This property features: Office space built in 1800; Includes three separate offices plus an open area; Layout can support a range of uses such as office, church, personal coaching, or retail
