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Mixed-Use Property with Restaurant
For Sale
$1,450,000

89 S Broadway, Lawrence, MA 01843

Commercial dining space and residential apartments support both business operations and rental use.

Property Size1,870 SF
Days on Market12

Property Features for 89 S Broadway

General Information

Standard status Active
Size 1,870 SF
Property subtype Commercial

Additional Details

Business Included Yes
Highway Access Yes
Liquor License Yes

Building Details

Building Size 1,870 SF
Year Built 1870
Listing Agency: Home Realty Group LLC
Listed By: Emmanuel Frias
Source: Iverty
Added: Aug 19 Changed: Aug 29 Last Checked: Aug 21 at 6:59AM

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 Realty Group LLC

Investment Insights

Based on property information with market context.

Built in 1870, this mixed-use property combines a commercial restaurant area with three residential apartments. The restaurant space includes a full liquor license, while the apartment component provides an additional residential use within the same building. The configuration supports an owner who wants to operate a business on-site while retaining rental space, or an investor seeking a property with commercial and residential components.

Located at 89 S Broadway in Lawrence, Massachusetts, the property offers visibility along S Broadway with access to major highways, shopping, restaurants, and public transportation. Its combination of restaurant use, licensed beverage service, and apartments creates a varied operating profile within one property.

Key Highlights

  • Mixed‑use building at 89 S Broadway, Lawrence, MA 01843
  • Commercial restaurant space with a full liquor license
  • Three residential apartments included

Property Analytics

Current Use

Sazón Perú Restaurant Restaurant

Suggested Use

Top Pick Real Estate Agency Veterinary Clinic Acupuncture Pet Grooming Service Locksmith (Bike/Boat/Book/etc) Store

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

Lease Details

Turnkey business
Opportunity
Yes
Highway access
Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

1,388
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial dining space and residential apartments support both business operations and rental use.
Where is this mixed-use property located?
The property is located at 89 S Broadway Lawrence, MA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Mixed‑use building at 89 S Broadway, Lawrence, MA 01843; Commercial restaurant space with a full liquor license; Three residential apartments included
More about this property
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