Industrial Properties in Lawrence, Massachusetts offer a unique investment opportunity for those looking to capitalize on the city's rich history and diverse economy. As a former textile center, Lawrence has a strong manufacturing industry producing electronic equipment, textiles, footwear, paper products, computers, and foodstuffs, making it an attractive location for industrial properties. With its strategic location along Interstate 495 and intersected by Route 28, Route 110, and Route 114, Lawrence provides easy access to major transportation facilities, including the Senator Patricia McGovern Transportation Center and the Lawrence Municipal Airport. The city's public safety services, including police and fire departments, and healthcare services provided by Lawrence General Hospital, make it an ideal location for businesses and industries. Additionally, Lawrence is home to Northern Essex Community College and Cambridge College, providing a skilled workforce and a strong educational foundation.
With 3 Industrial Properties for sale in Lawrence, investors have a range of options to choose from. These properties offer a unique opportunity to tap into the city's diverse economy, which includes healthcare, public safety, utilities, and education. In addition to Industrial Properties, Lawrence also offers Warehouses, Land, Apartment Buildings, and Commercial Real Estate for sale, each with its own unique characteristics and investment opportunities. For example, Warehouses in Lawrence offer a range of sizes, from 31,539 square feet to 50,042 square feet, and an average price per square foot of $149 USD, making them an attractive option for businesses and industries. With its strong economy, diverse industries, and range of properties for sale, Lawrence is an attractive location for investors and businesses alike.
What is the average price per square foot for industrial properties in Lawrence?
The average price per square foot for industrial properties in Lawrence is $149 USD.
How do location and transportation access affect industrial property values?
In Lawrence, Massachusetts, the location and transportation access of industrial properties significantly impact their values, with proximity to major highways, public transportation, and airports influencing the desirability and functionality of these properties.
- Industrial properties near Interstate 495, Route 28, Route 110, and Route 114, as well as those with easy access to the Senator Patricia McGovern Transportation Center, the Haverhill/Reading Line of the MBTA Commuter Rail system, and Lawrence Municipal Airport, tend to command higher values due to their convenience and connectivity.
- The city's strategic location, equidistant from Manchester-Boston Regional Airport and Logan International Airport, also enhances the value of industrial properties, particularly those involved in manufacturing, logistics, and distribution.
- Furthermore, the planned revitalization of the Manchester and Lawrence branch, which will enable the MBTA to operate rail service up to Manchester from Lawrence, is expected to increase the value of industrial properties in the area, making them more attractive to businesses and investors.
