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Mixed-Use Property with Restaurant
New
For Sale
$499,000

32-34 S Broadway, Lawrence, MA 01844

Three-level layout combines an existing restaurant with vacant upper-floor space for renovation and approved residential use.

Property Size3,065 SF
Price / SF$162.81
Days on Market2

Property Features for 32-34 S Broadway

General Information

Standard status Active
Size 3,065 SF
Property subtype Commercial
Zoning Neighborhood Commercial

Property Condition

Severity Repairs Needed
Evidence ready for renovation

Taxes and HOA fees

Annual Taxes $1,903

Building Details

Year Built 2020
Buildings 1
Stories 3
Listing Agency: Home Shop Properties, Inc
Listed By: Johan Lopez
Source: Elliman
Added: Sep 7 Last Checked: Sep 8 at 7:08AM

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 Home Shop Properties, Inc

Investment Insights

Based on property information with market context.

Located at 32–34 South Broadway, this mixed-use property has a first-floor restaurant configuration and vacant space across the second and third floors. The upper levels include approximately 3,065 square feet of living area, along with additional attic space, and are positioned for renovation subject to applicable approvals.

The property is situated within a neighborhood commercial zone and was built in 2020. Walk Score is 86, with a Bike Score of 50 and Transit Score of 53, reflecting a walkable setting with available transit and bicycle access.

Key Highlights

  • First‑floor restaurant configuration
  • Vacant second- and third‑floor space for renovation
  • Approximately 3,065 sq. ft. of living area

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Gym & Fitness Center Veterinary Clinic Acupuncture Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,810
Businesses Nearby
1k
Monthly Visits Nearby

Foot Traffic Nearby

Home Improvements & Furnishings 100%
City Electric Supply Home Improvements & Furnishings
1,254 visits/mo 0.4 miles

Demographics for 01844, MA

52,970
Population
19,496
Households
2.7
Avg Household Size
42
Median Age
30%
College-Educated
89%
High-School Grad
22.1 sq mi
ZIP Area
2,397
Density / Sq Mi
$103,292
Median Household Income
$52,176
Median Earnings
$1,610
Median Rent
$471,900
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Three-level layout combines an existing restaurant with vacant upper-floor space for renovation and approved residential use.
Where is this mixed-use property located?
The property is located at 32-34 S Broadway Lawrence, MA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: First‑floor restaurant configuration; Vacant second- and third‑floor space for renovation; Approximately 3,065 sq. ft. of living area
More about this property
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