Property summary
This exceptional commercial property, located at 264 South Broadway in Lawrence, MA, presents a unique investment opportunity. Situated on a desirable 0.44-acre corner lot in the sought-after Route 28 area, this single-story brick building boasts 18,000 square feet of space. The property features three large overhead doors, offering remarkable flexibility for a variety of uses and configurations. Currently, the layout includes two spacious garages, office space, and a retail storefront. The high hourly traffic count ensures excellent visibility and accessibility. This location benefits significantly from recent revitalization efforts in the surrounding area. The redevelopment of the former Ford dealership a short distance away has spurred significant positive changes, including the construction of a new Cumberland Farms and Family Dollar complex, which includes a retail store, gas station, and market. This development has transformed the South side corridor, creating a dynamic and attractive retail environment. The property's substantial size and versatile design offer incredible upside potential for savvy investors seeking to capitalize on this thriving commercial district. The asking price is $1,499,900.
Property profile
VerifiedCap rate & NOI
Current use
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Hair Salon Nail Salon
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Auto Parts Store Discount Store
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Auto Repair Shop
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Restaurant Take-out & Catering
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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Cap rate
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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