This Retail Property is no longer advertised on LoopNet.com.

511 Broadway
Lawrence, MA 01841

Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
17,966 SF
Building Class
C
Year Built
1920
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.43
Lot Size
0.17 AC
Zoning
Commercial
Frontage
136 FT on Broadway

AMENITIES

  • Bus Line

ABOUT 511 BROADWAY , LAWRENCE, MA 01841

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.

PROPERTY TAXES

  • Listing ID: 17310368

  • Date on Market: 9/27/2019

  • Last Updated:

  • Address: 511 Broadway, Lawrence, MA 01841