Property Description

Cash cow. Versatile Industrial, warehouse, office space consisting of over 50k sq feet of rentable building space in a classified OPPORTUNITY ZONE! Multiple loading docs. Possible partial seller financing. Good candidate for condo/residential conversion. Room for rent increase, currently at a 7.2 percent cap rate. Walking distance to the commuter rail and public transportation.

Features

Disclosure : Tenant Pays 1 Month Fee To Be Split With Listing Office

Additional Information

Parking Spaces : 100

Tax Year : 2024

Status : Active

Zoning : mdl-96

Orig Price : $5,800,000

Waterfront : No

MlsStatus : Active

Address Map

City : Lawrence

State : Massachusetts

County : Essex

Postal Code : 01843

Longitude : W72° 50' 19.8''

Latitude : N42° 41' 47.5''

Google Map

Commercial Sale

49 Blanchard, Lawrence, Massachusetts

55,756 Sqft

$5,800,000

Listing ID #73358022

Basic Details

Property Type : Commercial Sale

Listing Type : For Sale

Price : $5,800,000

Square Footage : 55,756 Sqft

Year Built : 1880

Lot Area : 1.28 Acre

Listing ID : 73358022

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Agent info

srobb@robbenterprises.com

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.