486 Andover St, Lawrence, MA 01843

This exceptional 0.34-acre property at 486 Andover Street in Lawrence, MA, presents a unique investment opportunity for discerning developers. Priced at $1,500,000, this site offers a pre-approved variance from the Lawrence Zoning Ordinance, permitting the construction of a 20-unit multi-family residential building. The existing structure provides a solid foundation for a significant renovation and expansion project. Detailed plans and designs for the 20-unit complex are already available, streamlining the development process and minimizing pre-construction delays. This turnkey project eliminates the often lengthy and complex zoning approval process, allowing for a faster path to completion and return on investment. The property's location in Lawrence offers access to a growing population and strong rental demand, making it an ideal location for a multi-family development. This is a rare chance to acquire a fully permitted project with existing plans, minimizing risk and maximizing potential returns. The existing building's potential for transformation into a luxurious complex is significant, offering a high-value proposition for the future owner. Don't miss this chance to capitalize on this prime development opportunity in a thriving Massachusetts market. Serious inquiries only.