511 BroadwayLawrence, MA 01841MLS Number 72244493

  • Price: $1,400,000
  • 33 Days on Market
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Federal 30-year interest rate: 3.94% last updated on Nov 2, 2017
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 0.13Acreage
  • 14458Square Feet
  • 511- 529Street No
  • 7No Units

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.

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Windhill Realty
Office: 978.356.8922
16 Market Street
Ipswich, MA 01938

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Location

  • Street No511- 529
  • Building Number511
  • StreetBroadway
  • Zip01841
  • StateMA
  • CountyEssex
  • TownLawrence

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