857 Essex St Lawrence, MA 01841-4618
This exceptional 0-acre lot, located at 857 Essex Street in Lawrence, Massachusetts, presents a unique investment opportunity. Priced competitively at $359,900, this property offers significant potential for redevelopment or expansion. The property's "Other" designation suggests versatility in its potential use, allowing for a wide range of development possibilities depending on local zoning regulations and permits. Given its location in Lawrence, MA, the property benefits from access to the city's infrastructure and amenities. Further investigation into the specific zoning regulations and permitted uses for the lot is highly recommended for prospective buyers. Due diligence should include a thorough review of all applicable building codes, environmental assessments, and any potential restrictions on the property. The absence of square footage information underscores the need for on-site inspection to determine the exact dimensions and potential buildable area. Prospective buyers are encouraged to conduct their own independent research and due diligence to fully assess the property's suitability for their intended purpose. This property is being sold "as is," and the buyer assumes all responsibility for conducting necessary inspections and obtaining all required permits and approvals. The lack of existing structures presents a blank canvas for creative development, making this an attractive proposition for those seeking a project with significant upside potential. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.