MLS® ID: 72493635

511 Broadway

Lawrence, Massachusetts, 01841

$724,499 Active
  • 14458 SQFT
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 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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Listing courtesy of EMPIREā„¢

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    01841
  • Office name
    EMPIREā„¢
  • SQFT
    14458
  • Bedrooms
    0
  • Property type
    Commercial/Industrial
  • Zoning type
    .
  • Year built
    1920
  • Tax year
    2019
  • Agent name
    George Silva
  • Tax amount
    $ 23633.9
  • Purchase Type
    Active
  • Price Range
    $700k-$800k
  • Square Feet Range
    7000+ sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    13906
  • Agent ID
    456001450

Location

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