Lawrence / Andover

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670 South Union Street

lawrence-andover

670 S. Union Street is ideally located at the intersection of Route 495 and Route 28 on the S. Lawrence/Andover line just one exit north of Interstate 93. Easy access to all major highways and strong demographics. The buildings are in excellent condition and can be used as is or redeveloped or expanded for a variety of uses. A cell tower lease provides income and value growth potential.

This 1.62 acre site occupies 70,723 SF in Lawrence and Andover. The property consists of a cell tower and 3 buildings: a) retail/office/light manufacturing, b) warehouse, and c) 10 bay commercial garage space. Formerly a successful pool supply operator since 1970, the site is in a great location between high density and high incomes with easy access from Route 495. The two main buildings built in 2002 and 2003 are vacant and the third building of approximately 6,000 SF, primarily used as a garage for warehouse and distribution, is partially leased. The cell tower has approximately 13 years left on its lease and can be parceled off with an easement.

SPECIFICATIONS

Location670 S. Union Street, Lawrence, MA 01843
Land70,723 SF (1.62 Acres)
BuildingsA. 7,740 SF vacant

B. 3,840 SF vacant

C. 6,000 SF 100% leased

D. Cell Tower
ZoningIndustrial I-2
Traffic CountRoute 495 - 114,788 Cars Per Day

S. Union St./Rte. 28 - 26,200 Cars Per Day
Taxes$38,600
Price$2,950,000 with cell tower lease

$1,950,000 without cell tower parcel

DEMOGRAPHICS

3 miles5 Miles10 Miles
Population16,282124,957184,481
Average House Hold Incomes $71,889$72,971$83,859

DRIVE TIMES

Drive Times10 Min.20 Min.30 Min.
Population205,094623,7531,662,812