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One Centennial Place 49 Blanchard St

50,042 SF 98% Leased Industrial Building Lawrence, MA 01843 $5,800,000 ($116/SF)

Executive Summary

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.

Data Room Click Here to Access

Property Facts

Price $5,800,000
Price Per SF $116
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 1.28 AC
Rentable Building Area 50,042 SF
No. Stories 4
Year Built 1880
Parking Ratio 2/1,000 SF
Clear Ceiling Height 9 FT 10 IN
No. Dock-High Doors/Loading 3
Opportunity Zone Yes

Amenities

  • Fenced Lot
  • Property Manager on Site

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 2nd Fl-Ste 203-7
  • 70 SF
  • Office
  • Full Build-Out
  • Now
  • 4th Fl-Ste 402-1
  • 180 SF
  • Office
  • Full Build-Out
  • Now
  • 4th Fl-Ste 402-5
  • 365 SF
  • Office
  • -
  • Now
  • 4th Fl-Ste 416
  • 70 SF
  • Office
  • Full Build-Out
  • Now
  • 4th Fl-Ste 417
  • 70 SF
  • Office
  • Full Build-Out
  • Now
  • 4th Fl-Ste 418
  • 70 SF
  • Office
  • Full Build-Out
  • Now
Space Size Space Use Condition Available
2nd Fl-Ste 203-7 70 SF Office Full Build-Out Now
4th Fl-Ste 402-1 180 SF Office Full Build-Out Now
4th Fl-Ste 402-5 365 SF Office - Now
4th Fl-Ste 416 70 SF Office Full Build-Out Now
4th Fl-Ste 417 70 SF Office Full Build-Out Now
4th Fl-Ste 418 70 SF Office Full Build-Out Now

2nd Fl-Ste 203-7

Size
70 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

4th Fl-Ste 402-1

Size
180 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

4th Fl-Ste 402-5

Size
365 SF
Space Use
Office
Condition
-
Available
Now

4th Fl-Ste 416

Size
70 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

4th Fl-Ste 417

Size
70 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

4th Fl-Ste 418

Size
70 SF
Space Use
Office
Condition
Full Build-Out
Available
Now
Walk Score ®
Very Walkable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
LAWR-000121-000000-000061
Land Assessment
$316,100
Improvements Assessment
$3,257,600
Total Assessment
$3,573,700

zoning

Zoning Code MDL-96 (Office Industrial)
MDL-96 (Office Industrial)
  • Listing ID: 31888698

  • Date on Market: 5/22/2024

  • Last Updated:

  • Address: 49 Blanchard St, Lawrence, MA 01843

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