511 BroadwayLawrence, MA 01841MLS Number 72357921

  • Price: $799,900
  • 103 Days on Market
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Federal 30-year interest rate: 4.9% last updated on Oct 11, 2018
* 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
  • 1920Year Built
  • 14458Square Feet
  • CIProp Type

Driving Directions

Value Add Opportunity ! 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
Windhill Realty
Office: 978.356.8922
16 Market Street
Ipswich, MA 01938

More Info

Parking

  • Parking Spaces
  • Parking FeatureNo parking

Building

  • Year Built1920
  • ConstructionFrame
  • Total Units7
  • Total Bldg Sf14458
  • Reu Units5
  • No Buildings1
  • No Stories3
  • SprinklersYes
  • Sub DividablePossible
  • Entry OnlyNo
  • ElevatorNo
  • Assessed Value Bldg700200
  • Undrgrnd TankUnknown

Photos

  • Photo Date2018-07-07T20:38:00
  • Number of Photos17

Basic Information

  • StatusACT
  • MLS Number72357921
  • Prop TypeCI
  • Status Date2018-07-26T18:40:00
  • Date Listed07/07/2018
  • List Price$799,900
  • Price Per Square Foot$55
  • LeaseNo
  • DirectionBroadway ( Route 28 )

Exterior

  • Railroad SidingNo
  • Roof MaterialRubber

Utilities

  • UtilitiesPublic Water, Public Sewer

Location

  • Building Number511
  • Street No511
  • StreetBroadway
  • TownLawrence
  • StateMA
  • Zip01841
  • CountyEssex
  • LocationPublic Transportation

Property

  • Acreage0.13
  • Space AvailableFor Sale
  • Square Feet14458
  • SubletNo
  • Lot Size5830
  • Handicap AccessNo
  • Condo AssociationNo
  • Assessed Value Land92300
  • Main LoBB3301

Other

  • Modification Date2018-07-30T03:06:00
  • Property TypeCommercial
  • Listing AlertNo
  • EasementsNo
  • Year Built SourcePublic Record
  • DisclosureNo
  • Book13016
  • Listing AgreementExclusive Right to Sell
  • Off Bldg Sf9638
  • Ref Bldg Sf4018
  • Plat PlanNo
  • ExchangeNo
  • Page305

Lawrence, MA Demographics

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Lawrence, MA Real Estate Market Data

There is no data available

Lawrence, MA Schools

School NameDistanceTypeGrades

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