11-21 Lawrence Street,Lawrence, MA 01840
Lawrence, MA 01840
Description
Known as the "Bay State Building", 11-21 Lawrence Street occupies a full city block in the heart of Lawrence's vibrant downtown. The Property features thirty-nine (39) total units, comprised of thirty two (32) residential units on floors two through four and seven (7) street level commercial units with Chase Bank being the anchor tenant. Chase Bank signed a brand new 10-year lease in 2022 with four (4) 5-year renewal options and attractive rent increases throughout the primary term and renewal options. The Property occupies floors 1-4 of the iconic 8 floor, elevator serviced building in downtown Lawrence. Floors 1-4 feature 60,243 square feet of gross living area and 76,212 square feet of gross area. The Property is comprised of thirty-nine (39) total units, featuring seven (7) Commercial units, while the residential units are comprised of four (4) 3+Bedroom/1.5-Bathroom units, one (1) 3-Bedroom/1-Bathroom unit, three (3) 2+ Bedroom/1-Bathroom units, nineteen (19) 2-Bedroom/1-Bathroom units, three (3) 1-Bedroom/1-Bathroom units, and two (2) Studio units. Tenants are responsible for separately metered utilities. The Landlord is responsible for providing city water & sewer. *Total Monthly Rent is $75,105, exceeding the max allowed by MLS.*
Details
| MLS # | 73591823 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1905 |
| Days On Site | 13 |
| Listing Provided By | Horvath & Tremblay | Spencer Norton |
Features
| Bed(s) | 64 |
|---|---|
| Bath(s) | 36 Total |
| SQ Feet | 60,243 |
| Story(s) | 5 |
| Units | 39 |
| Zoning | B3 |
| Acreage | 0.16 |
| Golf Course | Yes |
Interior
| Rooms Total | 99 |
|---|---|
| Heating Yes / No | Yes |
| Heating | Electric |
| Fireplaces Total | 0 |
| Fireplace Yes / No | No |
Exterior
| Roof | Rubber |
|---|---|
| Foundation Details | Other |
| Lot Features | Corner Lot, Level |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | On Street |
| Open Parking Yes / No | Yes |
Utilities
| Sewer | Public Sewer |
|---|---|
| Electric | Individually Metered |
Taxes
| Tax Annual Amount | 60594 |
|---|---|
| Tax Assessed Value | 5418200 |
| Tax Year | 2026 |
Location
| Community Features | Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University, Other |
|---|---|
| Senior Community Yes / No | No |
Area Information
| State | MA |
|---|---|
| County | Essex |
| City | Lawrence |
| Zip Code | 01840 |
| Area | Essex |
| Listing VS Median (in 01840) | |
Price: $6,600,000 low | high Med: $3,030 sqft: 60,243 low | high Med: 1,786 $ / sqft: $110 low | high Med: $2 On site: 13 low | high Med: 84 | |
Market Activity 01840
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Learn More About This Property
| State | MA |
|---|---|
| County | Essex |
| City | Lawrence |
| Zip Code | 01840 |
| Area | Essex |
| Listing VS Median (in 01840) | |
Price: $6,600,000 low | high Med: $3,030 sqft: 60,243 low | high Med: 1,786 $ / sqft: $110 low | high Med: $2 On site: 13 low | high Med: 84 | |