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    511-529 Broadway

    Lawrence, MA 01841
    • $624,900
    • STATUS: Active
    • MLS #: 72673661
    UPDATED: 30 min ago
    $624,900
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 14,018
      SQFT
    • $45
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1920
    County:
    Area:

    School Ratings & Info

    Listing courtesy of George Silva of Empireâ„¢.

    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.

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    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2020-12-02T07:10:46.13.
    www.dotcollectionma.com/homes/106856164
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    511-529 Broadway Lawrence, MA 01841

    • Price: $624,900
    • Status: Active
    • Updated: 30 min ago
    • MLS #: 72673661
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    14,018
    SQFT
    $45
    $/SQFT
    1920
    Built
    Neighborhood:
    Other
    County:
    Essex
    Area:
    Other
    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.
    Exterior Features

    Construction Frame Location DowntownPublic TransportationCentral Business District Parking Features No Parking Parking Spaces 0 Roof Material Rubber Stories 3

    Interior Features

    Elevator No Maf Building Sq Ft 0.00 Ref Building Sq Ft 4819.00 Rsf Building Sq Ft 0.00 Sprinklers Yes Total Building Sq Ft 14018.00 Waf Building Sq Ft 0.00

    Property Features

    Assessed Value Building 824200.00 Assessed Value Land 110000.00 Assessed Value Total 934200.00 Commercial Industrial Type Commercial Condo Association No Disclosure No Easements Yes Exchange No Gross Annual Income 82800.00 Handicap Access No Lease No Lender Owned No Lien And Encumbent No Lot 0011 Mau Units 0 Ofu Units 2 On File21 E No Plat Plan No Reu Units 5 Rsu Units 0 Short Sale Lender App Required No Space Available For Sale Sublet No Survey No Tax Year 2020 Taxes 25036.50 Total Units 7 Utilities Public WaterPublic Sewer Wau Units 0 Year Built Source Pr Zone Description Legal Conforming Zoning .

    Listing information © 2020 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of George Silva of Empireâ„¢.


    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2020-12-02T07:10:46.13.
     
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    Dot Collection at Access
    12 Ericsson Street Suite 305
    Dorchester MA, 02122
    Listing courtesy of George Silva of Empireâ„¢.