324-326 Broadway Lawrence, MA 01841
Property summary
This exceptional mixed-use property, located at 324-326 Broadway in Lawrence, Massachusetts, presents a compelling investment opportunity. The 4,837 square foot building, constructed in 1900, features three commercial tenants and boasts a desirable owner/user investment type with a gross lease. The building comprises three stories, including a finished basement with convenient walkout access to a rear parking lot. The property's strategic location on the heavily trafficked Route 2 corridor, nestled amongst established businesses, ensures high visibility and accessibility. The building includes four units in total: two street-level commercial spaces and two multi-level residential dwellings above. The asking price is $1,350,000, translating to $279.10 per square foot. The property is currently occupied, with an occupancy date of July 9, 2024. This unique offering combines the benefits of commercial income with the potential for residential rental income, making it an ideal investment for both established businesses seeking owner-occupancy and seasoned investors looking to expand their portfolios. The property's solid construction, ample parking, and prime location make it a truly remarkable opportunity in the thriving Lawrence market. The building is situated in Essex County, MA, zip code 01841.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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