49 Blanchard St Lawrence, MA 01843-1454

Property Details for 49 Blanchard St

Year built

1880

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.28 lot acres

Property size

50,042 SF

Property type

Industrial properties

APN

LAWR M:0121 B:0000 L:0061

APU

LAWRM0121B0000L0061

Description

This exceptional 50,000+ square foot industrial property, located at 49 Blanchard in Lawrence, MA, presents a compelling investment opportunity. Situated on a 1.28-acre lot, this versatile space currently functions as a blend of industrial, warehouse, and office areas, offering significant rental income potential. The property boasts multiple loading docks, enhancing operational efficiency. Currently operating at a 7.2 percent cap rate, there's significant room for rental increases, maximizing return on investment. The strategic location offers convenient access to public transportation and the commuter rail, providing employees and clients with easy commuting options. Further enhancing its appeal, this property is classified within an Opportunity Zone, providing potential tax advantages for qualified investors. The existing structure lends itself to a variety of uses, including potential conversion to condominiums or residential units, offering flexibility for future development and adaptation to changing market demands. The seller is open to considering partial financing, making this an even more attractive proposition for prospective buyers. This is a rare chance to acquire a high-performing asset with substantial upside in a prime location. Don't miss this chance to secure a truly exceptional investment.

Location Insight

City

Lawrence

County

Essex

State

Massachusetts

Longitude

-71.1611

Latitude

42.6964

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments