Mixed-Use Building with
For Sale
$525,000
30 South Broadway, Lawrence, MA 01843
Two-level commercial and residential configuration with additional attic, basement, and upper-level space for storage or rooms.
Property Size2,488 SF
Price / SF$211.01
Days on Market48
Property Features for 30 South Broadway
General Information
Standard status
Active
Size
2,488 SF
Property subtype
Multi-Family
Zoning
mix use
Net Operating Income
$42,000
Taxes and HOA fees
Annual Taxes
$1,216
Building Details
Building Size
2,488 SF
Year Built
1920
Stories
2
Listing Agency:
Century 21 McLennan & Company
(978) 683-8008
Listed By:
Juan Ortega
(978) 815-5522
Source:
Churchillprop
Added: Sep 2
Changed: Oct 6
Last Checked: Oct 16 at 6:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 McLennan & Company
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Investment Insights
Based on property information with market context.
This mixed-use property contains 2,488 square feet and was built in 1920. The first floor is configured for a beauty salon, while the second floor contains an apartment. Additional interior space includes an unused third level, two attic rooms, and a full basement with shelving suited to storage or workshop use.
The property is located at 30 South Broadway in Lawrence, Massachusetts, in the south Lawrence area. The source information describes the location as offering high traffic and visibility, with signage potential. The combination of commercial space, residential occupancy, and supplementary storage areas creates a varied building configuration within an established urban setting.
The property is located at 30 South Broadway in Lawrence, Massachusetts, in the south Lawrence area. The source information describes the location as offering high traffic and visibility, with signage potential. The combination of commercial space, residential occupancy, and supplementary storage areas creates a varied building configuration within an established urban setting.
Key Highlights
- 2,488‑square‑foot mixed‑use property built in 1920
- Beauty salon occupies the first floor
- Apartment located on the second floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,879
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$817,580
$817.6K
Cap Rate 7%
$583,986
$584.0K
Cap Rate 9%
$454,211
$454.2K
Market Conditions
NOI Build-Up for 2,488 SF
Gross rent
$59.7K $24.00/SF
− Vacancy
−$1.3K −$0.53/SF
EGI
$58.4K $23.47/SF
− OpEx
−$17.5K −$7.04/SF
NOI
$40.9K $16.43/SF
Area
Essex County, MA
Vacancy
2.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$817,580
Cap Rate 7%
$583,986
Cap Rate 9%
$454,211
Alternative Uses
Best Use
Mixed Use
$719.7K
$629.8K – $839.7K
NOI $50,382 @ 7.0% cap · market cap 9.60%
Second Best
Retail
$584.0K
$511.0K – $681.3K
NOI $40,879 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,102 @ 7.0% cap · market cap 19.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,810
Businesses Nearby
1k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 100%
City Electric Supply
Home Improvements & Furnishings
1,254 visits/mo
0.4 miles
Demographics for 01843, MA
28,346
Population
10,968
Households
2.6
Avg Household Size
34
Median Age
20%
College-Educated
79%
High-School Grad
3.4 sq mi
ZIP Area
8,337
Density / Sq Mi
$72,163
Median Household Income
$38,957
Median Earnings
$1,703
Median Rent
$393,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level commercial and residential configuration with additional attic, basement, and upper-level space for storage or rooms.
Where is this mixed-use property located?
The property is located at 30 South Broadway Lawrence, MA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,488‑square‑foot mixed‑use property built in 1920; Beauty salon occupies the first floor; Apartment located on the second floor
