Price Reduction - Eco Friendly
Address
511 Broadway Lawrence, MA
Price
$ 999,500
Property Attributes
  • MLS#72244493
  • TypeCommercial
  • CountyESSEX
  • CityLawrence
  • Zip01841
  • StyleCommercial
  • Year Built1920
  • Taxes23644
  • Price$ 999,500
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage14458
  • Lot Size5,663 SqFt
Listing Provided Courtesy Of:
George Silva with EMPIRE™.
Property Description

Located on the highly sought after and heavily traveled Route 28 Interstate Highway.Tri level brick structure improved by 5 retail storefronts with long standing tenants in place. Updated sprinkler system and fire prevention system. Storefronts having their own separately metered utilities, including self contained heating and cooling systems in place. New electrical service in place. Five new rubber roofs installed recently. Two additional floors consisting of unfinished space.The unfinished additional two floors lends itself to unlimited configurations ie: Office, space, Apartment conversion etc. Present rent roll is below market having room for larger bottom line.Located on bus line.The asset is positioned across from the newly developed Malden Mils Loft community Loft Five50 consisting of first phase development with an additional projected 200 plus units with second phase nearing development.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
10/18/2017 Listed $1,400,000
1/18/2018 11% - $1,250,000
1/23/2018 4% - $1,200,000
5/15/2018 17% - $999,900
5/15/2018 1% - $999,500

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 01841

Price
AVG $630K
$1,000K
Taxes
AVG $8,962
$23,644
Visits
AVG 7
6
Year Built
AVG 1929
1920
Walkscore
AVG 82
83

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