Lawrence, Massachusetts is an attractive destination for investors seeking to purchase Office Properties for sale. With a population of around 90,000, the city offers a diverse range of opportunities for businesses to thrive. Office Properties in Lawrence represent a solid investment opportunity, as they can cater to the city's growing healthcare, public safety, utilities, and education sectors. The city's infrastructure, including Lawrence General Hospital, the Senator Patricia McGovern Transportation Center, and the Lawrence Municipal Airport, makes it an ideal location for businesses to operate. Additionally, the city's proximity to major transportation facilities, such as Interstate 495 and the Merrimack River, provides easy access to neighboring cities and towns. The presence of esteemed institutions like Northern Essex Community College and Cambridge College further enhances the city's appeal.
Lawrence is home to 3 Office Properties for sale, offering a range of options for investors. The average price per square foot is $742 USD, with an average size of 6,622 square feet. The largest Office Property available is 13,500 square feet. In addition to Office Properties, Lawrence also offers Commercial Real Estate, Apartment Buildings, Shopping Centers, and Hotels for sale. The city's diverse economy, which includes manufacturing, healthcare, and education, supports a range of businesses, from electronic equipment and textiles to foodstuffs and computers. With its rich history, cultural attractions, and convenient location, Lawrence is an attractive destination for businesses and investors alike.
What is the average price per square foot for office properties in Lawrence?
The average price per square foot for office properties in Lawrence is $742 USD, with 3 available listings, offering a range of office spaces from 6,622 square feet to 13,500 square feet, and an average cap rate of.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Lawrence, Massachusetts, it's essential to understand the classification system, which categorizes properties based on their quality, amenities, and location, to make an informed investment decision.
- Class A office properties are typically high-rise buildings with modern amenities, prime locations, and high-quality finishes, attracting top-tier tenants and commanding higher rental rates.
- Class B office properties offer functional space with standard amenities, often located in decent areas, and are suitable for a wide range of tenants, providing a balance between quality and affordability.
- Class C office properties are usually older buildings with limited amenities, located in less desirable areas, and may require renovation, making them more affordable but also presenting potential risks and challenges.
