MA > Lawrence
Lawrence, MA 01841,511-529 Broadway
Lawrence, MA 01841,511-529 Broadway
Lawrence, MA 01841,511-529 Broadway
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Jonathan Bombaci

Jonathan Bombaci

+1(978) 710-5616
$1,799,900
Est. payment /mo
14,618 SqFt
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 14,618 sqft

Price per Sqft $123

MLS Listing ID 73347835

HOA Y/N false

Year Built 1920

Annual Tax Amount $15,233

Tax Year 2024

Lot Size 5,662 Sqft

Acres 0.13

Property Description

Value Add Opportunity ! Permits in place to build out 10 One Bedroom Apartments.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.Also has an updated fire prevention system. Storefronts have their own separately metered utilities, including self contained heating and cooling systems in place. New electrical service in place. Five young rubber roofs. Present rent roll is below market with no leases having room for larger bottom line.Located on the 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 improvedand in process.

Location

State MA

County Essex

Zoning .

Direction Route 28 Broadway

Exterior

Utilities Available Public Water, Public Sewer

Roof Type Rubber

Others

Senior Community false

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