204 Broadway, Lawrence, MA 01840-1038
This exceptional commercial land parcel, located at 204 Broadway in Lawrence, Massachusetts, presents a unique investment opportunity. Priced at $380,000, this special purpose property offers significant potential for retail development. Situated in Essex County, zip code 01840, the property boasts a highly visible location within a bustling area characterized by substantial foot traffic. The open layout and large display windows are ideal for maximizing visibility and creating an inviting storefront. The property's convenient access and proximity to other businesses, restaurants, and public transportation further enhance its appeal. This is an excellent chance to establish a business in a thriving community with a strong local economy. The property's address is 204 Broadway, Lawrence, MA 01840, and its geographic coordinates are 42.7072329 latitude and -71.1703341 longitude. The lot size is zero acres, indicating a potential for redevelopment or expansion. This property is perfect for entrepreneurs seeking a high-visibility location to establish their retail presence. Don't miss this chance to secure a prime commercial location in a dynamic and growing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.