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678 Andover St - 678 Andover Street #4 9,975 SF Industrial Condo Unit Offered at $1,750,000 in Lawrence, MA 01843
Investment Highlights
- Warehouse condo with april 2027 occupancy opportunity | Ample car parking
- 1 total loading docks with potential to add more | Back parking lot for additional parking
- Industrial park located | Located in Light Industrial zoning code | Dense labor pool market
- Minimal office space | 14' clear warehouse space | Ample power to adapt to future uses
- High visibility location | 2 minute access to I-93 | 25 minutes north of boston | Accessible by public transit
Data Room Click Here to Access
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | No. Parking Spaces | 20 |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 20 |
Description
Marcus & Millichap is pleased to exclusively offer 678 Andover Street, Unit 4 in Lawrence for sale, a warehouse condominium well suited for storage, distribution, and light industrial users. The property features functional infrastructure, good clear heights, and a practical layout that works for warehousing, last-mile distribution, or similar industrial uses, with room to adapt to different tenants or operators over time. Its location along Andover Street offers easy access to I-495 and Route 28, putting businesses within reach of the greater Merrimack Valley and broader northeastern Massachusetts.
Delivered with an occupancy date of April 2027, the property works well for owner users looking for cost certainty and control of their space, as well as investors looking to lease the unit at market rates. The condominium format reduces the maintenance burden compared to a freestanding building, with shared responsibility for common areas and building systems, making it a practical option for operators who want to focus on their business rather than facility management.
Delivered with an occupancy date of April 2027, the property works well for owner users looking for cost certainty and control of their space, as well as investors looking to lease the unit at market rates. The condominium format reduces the maintenance burden compared to a freestanding building, with shared responsibility for common areas and building systems, making it a practical option for operators who want to focus on their business rather than facility management.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 4 | 9,975 SF | Industrial | $1,750,000 ($175.44/SF) | - |
Unit 4
| Unit Size |
| 9,975 SF |
| Condo Use |
| Industrial |
| Price |
| $1,750,000 ($175.44/SF) |
| NOI |
| - |
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Unit 4
| Unit Size | 9,975 SF |
| Condo Use | Industrial |
| Price | $1,750,000 ($175.44/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 20 |
| Description | |
| Marcus & Millichap is pleased to exclusively offer 678 Andover Street, Unit 4 in Lawrence for sale, a warehouse condominium well suited for storage, distribution, and light industrial users. The property features functional infrastructure, good clear heights, and a practical layout that works for warehousing, last-mile distribution, or similar industrial uses, with room to adapt to different tenants or operators over time. Its location along Andover Street offers easy access to I-495 and Route 28, putting businesses within reach of the greater Merrimack Valley and broader northeastern Massachusetts.<br> <br> Delivered with an occupancy date of April 2027, the property works well for owner users looking for cost certainty and control of their space, as well as investors looking to lease the unit at market rates. The condominium format reduces the maintenance burden compared to a freestanding building, with shared responsibility for common areas and building systems, making it a practical option for operators who want to focus on their business rather than facility management.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 9,975 SF | Typical Floor Size | 60,016 SF |
| Property Type | Year Built | 1981 | |
| Building Class | B | Lot Size | 4.50 AC |
| Floors | 1 | ||
| Zoning | I-1, Lawrence - Industrial | ||
| Total Building Size | 9,975 SF |
| Property Type | |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 60,016 SF |
| Year Built | 1981 |
| Lot Size | 4.50 AC |
| Zoning | I-1, Lawrence - Industrial |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Moderately bikeable
60/100
Major Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Foundation Building Materials |
9,975 SF
|
March 2027
|
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