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Office Unit with Private Baths
New
For Lease
$1,500/Mo

5 Ballard Way #502, Lawrence, MA 01843

A kitchenette and building security are provided, while rent covers water, sewer, taxes, trash service, and snow removal.

Space SizeContact for details
Days on Market6

Property Features for 5 Ballard Way #502

General Information

Standard status Active
Zoning bus, Legal Conforming

Additional Details

Space Use Office
Highway Access Yes

Amenities

2 private baths
kitchenette
wired for cable modem/DSL
security system

Building Details

Year Built 1985
Listing Agency: Bostonia Properties
Listed By: Kate Duggan · License #144768
Source: Bostoniaproperties
Added: Oct 19 Changed: Oct 23 Last Checked: Oct 22 at 2:30PM

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 Bostonia Properties

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This office unit was built in 1985 and includes two private bathrooms. A kitchenette is available in or adjacent to the unit, and the space is wired for cable modem or DSL service. Building security is also provided.

The property is minutes from Routes 93 and 495. Rent includes water, sewer, taxes, trash disposal, and snow removal. The office is in a legally conforming business-zoned property.

Key Highlights

  • Two private bathrooms serving the office unit
  • Kitchenette located in or next to the unit
  • Wired for cable modem or DSL

Property Analytics

Current Use

Yellow Book USA (Bike/Boat/Book/etc) Store Merrimack Valley Accounting Tax Preparation

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Building Supply Law Firm Spa & Massage Center

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

Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

248
Businesses Nearby

Demographics for 01843, MA

28,346
Population
10,968
Households
2.6
Avg Household Size
34
Median Age
20%
College-Educated
79%
High-School Grad
3.4 sq mi
ZIP Area
8,337
Density / Sq Mi
$72,163
Median Household Income
$38,957
Median Earnings
$1,703
Median Rent
$393,700
Median Home Value

Market

Lease Benchmarks for Lawrence, MA

$22.6 /SF/Yr
Avg Asking Price
$15–$33.75 /SF/Yr
Price Range
6,465 SF
Avg Space Size

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

Frequently Asked Questions

What type of property is this?
Office unit - A kitchenette and building security are provided, while rent covers water, sewer, taxes, trash service, and snow removal.
Where is this office unit located?
The property is located at 5 Ballard Way #502 Lawrence, MA.
What is the lease rate?
The lease rate is $1,500/Mo.
What are key features of this property?
This property features: Two private bathrooms serving the office unit; Kitchenette located in or next to the unit; Wired for cable modem or DSL
More about this property
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