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Retail Space in Six-Story Development
For Lease
$7,500/Mo

499 Essex Street Side Unit Left Side, Lawrence, MA 01840

Flexible commercial space is positioned for retail or medical use within a new mixed-use downtown development.

Space SizeContact for details
Property Size3,784 SF
Days on Market199

Property Features for 499 Essex Street Side Unit Left Side

General Information

Standard status Active
Size 3,784 SF
Property subtype COMMERCIAL

Additional Details

Space Use Retail

Building Details

Building Size 3,784 SF
Year Built 1976
Stories 6
Tenancy Multi
Listing Agency: Empire Real EstateTM
Listed By: George Silva · License #9506309
Source: Kevinfruh
Added: Jan 21 Changed: Aug 8 Last Checked: Aug 8 at 9:48AM

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

Investment Insights

Based on property information with market context.

This retail offering is part of a six-story development planned for 499 Essex Street in Lawrence, Massachusetts. The project is designed to combine high-end retail boutiques with residential living spaces, creating a mixed-use setting for commercial occupants. The space can support retail or medical concepts, subject to applicable approvals and final project specifications.

Completion is anticipated in late fall 2027. The property is positioned along Essex Street, described as a growing downtown thoroughfare, with the offering intended for occupants seeking space in a newly developed commercial environment. Additional space configurations are available within the project, allowing prospective users to evaluate options based on their requirements.

Key Highlights

  • Part of a six‑story mixed‑use development at 499 Essex Street
  • Project completion anticipated in late fall 2027
  • Planned combination of high‑end retail boutiques and residential living spaces

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Acupuncture Garden Center Locksmith Veterinary Clinic (Bike/Boat/Book/etc) Store Pet Grooming 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
NNN (Triple Net)
Lease Type
$3.57 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,931
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

$24.88 /SF/Yr
Avg Asking Price
$18.35–$32.83 /SF/Yr
Price Range
2,596 SF
Avg Space Size

This space is priced 4% below the average of $24.88 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Flexible commercial space is positioned for retail or medical use within a new mixed-use downtown development.
Where is this retail space located?
The property is located at 499 Essex Street Side Unit Left Side Lawrence, MA.
What is the lease rate?
The lease rate is $7,500/Mo.
What are key features of this property?
This property features: Part of a six‑story mixed‑use development at 499 Essex Street; Project completion anticipated in late fall 2027; Planned combination of high‑end retail boutiques and residential living spaces
More about this property
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