Eco Friendly
Address
511-529 Broadway Lawrence, MA
Price
$ 624,900
Property Attributes
  • MLS#72673661
  • TypeCommercial
  • CountyESSEX
  • CityLawrence
  • Zip01841
  • StyleCommercial
  • Year Built1920
  • Taxes25036
  • Price$ 624,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage14018
  • Lot Size5,663 SqFt
Listing Provided Courtesy Of:
George Silva with EMPIRE™.
Property Description

Priced To Sell. Value Add Opportunity ! Located on the highly sought after and heavily traveled Route 28 Interstate Highway.Tri level structure improved by 5 retail storefronts with long standing tenants in place. Updated sprinkler system. Wet system on lower levels and Dry system above. 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 young rubber roofs. 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. Second phase development having an additional 200 units has just been improved.

Price History
6/15/2020 Listed $624,900

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • 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 $460K
$620K
Taxes
AVG $10,838
$25,036
Visits
AVG 16
19
Year Built
AVG 1940
1920

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