Warehouse

65 Manchester Street

65 Manchester St, Lawrence, MA 01841

Listing Price: $3,200,000

Cap Rate
12.90%
Gross SF
106,693
Price/Gross SF
$29.99
Lot Size
3.15 acres
Year Built
1915
Rentable SF
106,693

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 65 Manchester Street in Lawrence, Massachusetts. Located in Downtown Lawrence this site provides immediate proximity to the best manufacturing labor pool in Massachusetts. The building has been utilized as a commercial laundry facility for decades. Presently the building is leased to United Linens on a short-term lease.

Nestled conveniently near Interstate 93, the site provides straightforward access to downtown Boston in under 28 minutes. The New Hampshire boarder is only a few miles away and the affluent town of Andover is only ten minutes away.

Originally constructed at the turn of the 20th century the building was significantly updated in 2002 with a new floor slab, modern lighting, and nearly 5,000 SF of office space. Seventy-five private parking spaces are included in the sale.

The building is currently occupied by a successful laundry operation on a short-term lease. The facility can process 600,000 pounds of laundry per week.

Investment Highlights

  • Can Be Delivered Vacant or 100% Occupied
  • Located Within Qualified Opportunity Zone
  • Includes +/- 5,000 SF of Modern Office
  • Only 1.7 Miles From I-93
  • Downtown Lawrence Location With Excellent Labor Pool

Exclusively Listed By

Listing Price: $3,200,000

Cap Rate
12.90%
Gross SF
106,693
Price/Gross SF
$29.99
Lot Size
3.15 acres
Year Built
1915
Rentable SF
106,693

Investment Highlights

  • Can Be Delivered Vacant or 100% Occupied
  • Located Within Qualified Opportunity Zone
  • Includes +/- 5,000 SF of Modern Office
  • Only 1.7 Miles From I-93
  • Downtown Lawrence Location With Excellent Labor Pool

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 65 Manchester Street in Lawrence, Massachusetts. Located in Downtown Lawrence this site provides immediate proximity to the best manufacturing labor pool in Massachusetts. The building has been utilized as a commercial laundry facility for decades. Presently the building is leased to United Linens on a short-term lease.

Nestled conveniently near Interstate 93, the site provides straightforward access to downtown Boston in under 28 minutes. The New Hampshire boarder is only a few miles away and the affluent town of Andover is only ten minutes away.

Originally constructed at the turn of the 20th century the building was significantly updated in 2002 with a new floor slab, modern lighting, and nearly 5,000 SF of office space. Seventy-five private parking spaces are included in the sale.

The building is currently occupied by a successful laundry operation on a short-term lease. The facility can process 600,000 pounds of laundry per week.

Exclusively Listed By

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