For Sale
$1,500,000

486 Andover St Lawrence, MA 01843

Prime 0.34-acre lot, approved plans

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional 0.34-acre lot in Lawrence, Massachusetts, presents a unique development opportunity. Located at 486 Andover St, 01843, this property boasts a substantial 9,414 square feet and comes with an already approved variance from the Lawrence Zoning Ordinance. The variance allows for the construction of a 20-unit multi-family residential complex. Detailed plans and designs for this luxurious development are already available, significantly reducing the time and effort required to begin construction. This is a turnkey project for a visionary investor seeking a high-return opportunity in a desirable location. The property's size and zoning approval make it an ideal investment for those looking to capitalize on the growing demand for multi-family housing in the area. The existing structure on the site offers potential for renovation or repurposing, adding further value to this exceptional offering. This is a rare chance to acquire a fully permitted development site, ready for immediate action. Don't miss this chance to transform this iconic building into a thriving residential complex. The asking price is $1,500,000.

Highlights

  • $1,500,000 asking price.
  • 0.34-acre lot with 9,414 square feet of land.
  • Special purpose property zoned for multi-family development.
  • Approved variance for a 20-unit multi-family residential building.
  • Existing building with available plans and designs for redevelopment.

Property Details for 486 Andover St

Property type
Specialty properties, Land
Square Feet
9,414 SF
Lot Size (sq. ft)
14,810 SF

Location Insight

City
Lawrence
County
Essex
State
Massachusetts
Latitude
42.6922446
Longitude
-71.1657506

FAQs

What type of property is this?
Specialty property - Prime 0.34-acre lot, approved plans
Where is the specialty property located?
The property is located at 486 Andover St Lawrence, MA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: $1,500,000 asking price.; 0.34-acre lot with 9,414 square feet of land.; Special purpose property zoned for multi-family development.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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486 Andover St
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