486 Andover StLawrence, MA 01843

Property Details for 486 Andover St

Year built

1910

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.34 AC

Property size (Sq ft)

8,874 SF

Property type

Warehouses

APN

LAWR M:0139 B:0000 L:0088

APU

LAWRM0139B0000L0088

Description

This exceptional 0.34-acre property at 486 Andover Street in Lawrence, MA, presents a unique investment opportunity for discerning developers. Priced at $1,500,000, this site offers a pre-approved variance from the Lawrence Zoning Ordinance, permitting the construction of a 20-unit multi-family residential building. The existing structure provides a solid foundation for a significant renovation and expansion project. Detailed plans and designs for the 20-unit complex are already available, streamlining the development process and minimizing pre-construction delays. This turnkey project eliminates the often lengthy and complex zoning approval process, allowing for a faster path to completion and return on investment. The property's location in Lawrence offers access to a growing population and strong rental demand, making it an ideal location for a multi-family development. This is a rare chance to acquire a fully permitted project with existing plans, minimizing risk and maximizing potential returns. The existing building's potential for transformation into a luxurious complex is significant, offering a high-value proposition for the future owner. Don't miss this chance to capitalize on this prime development opportunity in a thriving Massachusetts market. Serious inquiries only.

Location Insight

City

Lawrence

County

Essex

State

Massachusetts

Latitude

42.6921

Longitude

-71.166

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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