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223 Winthrop Ave 12,266 SF Industrial Building Lawrence, MA 01843 $1,300,000 ($105.98/SF)
Investment Highlights
- Flexible owner-user or investment opportunity.
- Strategically located immediately off Interstate 495 at Exit 100A
- Flexible showroom, office, warehouse, and outdoor storage configuration
- Highly visible industrial building
- Existing pylon signage and exceptional highway visibility
Executive Summary
A rare opportunity to acquire a highly visible industrial/flex retail property at 223 Winthrop Avenue, Lawrence, Massachusetts. Strategically located immediately off Interstate 495, the property offers exceptional highway visibility, existing pylon signage, and direct access to Route 114.
Situated on a 0.43-acre site, the approximately 12,266-square-foot building features a versatile combination of showroom/retail, office, warehouse, and storage space, making it well suited for owner-users, contractors, distributors, service businesses, and investors.
The property offers the opportunity for immediate occupancy while also generating in-place rental income. Existing lease agreements provide a new owner with the flexibility to continue leasing to three current tenants or, subject to the terms of the respective leases, terminate certain tenancies to accommodate an owner's occupancy requirements.
Situated on a 0.43-acre site, the approximately 12,266-square-foot building features a versatile combination of showroom/retail, office, warehouse, and storage space, making it well suited for owner-users, contractors, distributors, service businesses, and investors.
The property offers the opportunity for immediate occupancy while also generating in-place rental income. Existing lease agreements provide a new owner with the flexibility to continue leasing to three current tenants or, subject to the terms of the respective leases, terminate certain tenancies to accommodate an owner's occupancy requirements.
Property Facts
| Price | $1,300,000 | Rentable Building Area | 12,266 SF |
| Price Per SF | $105.98 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1965 |
| Property Type | Industrial | Parking Ratio | 0.65/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 12’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 0.43 AC | ||
| Zoning | B1 - Neighborhood Business District | ||
| Price | $1,300,000 |
| Price Per SF | $105.98 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 0.43 AC |
| Rentable Building Area | 12,266 SF |
| No. Stories | 1 |
| Year Built | 1965 |
| Parking Ratio | 0.65/1,000 SF |
| Clear Ceiling Height | 12’ |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | B1 - Neighborhood Business District |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | LAWR-000019-000000-000002 | Improvements Assessment | $744,200 |
| Land Assessment | $370,100 | Total Assessment | $1,114,300 |
Property Taxes
Parcel Number
LAWR-000019-000000-000002
Land Assessment
$370,100
Improvements Assessment
$744,200
Total Assessment
$1,114,300
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