15 Union StLawrence, MA 01840

  • Manufacturing properties
  • 488,877 SF
For Lease
$8/SF/YR View listing

Property Details for 15 Union St

Year built
1909
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
4.35 AC
Property size (Sq ft)
488,877 SF
Property type
Manufacturing properties
APN
LAWR M:0086 B:0000 L:0062
APU
LAWRM0086B0000L0062

Description

The Landing at Everett Mills, located at 15 Union St, Lawrence, MA 01840, offers 525,000 square feet of versatile commercial space. This seven-story, 1909 building boasts a range of options, from 1,205 square feet to 117,588 square feet, suitable for manufacturing, flex, distribution, warehouse, R&D, traditional, creative, and executive office uses. The property features 13-foot ceilings, original refinished wood floors, exposed brick, and oversized windows. Amenities include three freight and passenger elevators, 460 parking spaces, four loading docks with two dock-high doors, 220-440 amp 3-phase power, and 24/7 security. On-site building management offers build-to-suit options. The 6.5-acre lot is zoned industrial and enjoys a convenient location, less than five minutes from Interstate 495 and within three miles of Interstate 93 access. Public transportation is readily available via a nearby commuter rail station and an on-site MVRTA bus stop. The property is situated in a vibrant downtown area with numerous shops, restaurants, and services, creating a thriving mixed-use community. This unique property offers a blend of historic charm and modern functionality, providing an exceptional opportunity for businesses seeking flexible and well-appointed space in a prime Lawrence location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $92,514,648
    Hospitality
    $84,742,920
    Educational
    $70,505,120
    Medical
    $72,929,896
    Retail
    $109,674,624

Location Insight

City
Lawrence
County
Essex
State
Massachusetts
Latitude
42.7079
Longitude
-71.1528
CBSA code
14460
CBSA name
BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$146,389
$1,192,600
$6,364,900
$7,557,500
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