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Property profile & analytics

350 Essex St Lawrence, MA 01840

  • Office buildings
  • 12,506 SF
  • 0.16 lot acres
For Lease
Last Sale
Jul 31, 2020
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US38-0106665
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Eyebrows Esthetic and Spa / Spa & Massage Center
  • Wow Bargain / Hair Salon
  • Diamond Beauty Center & barbershop / Hair Salon / Nail Salon
  • Carol Jewelry / (Bike/Boat/Book/etc) Store
  • wilfi taylor chop sastrería alteraciones .llc / (Bike/Boat/Book/etc) Store

Property Details for 350 Essex St

Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.16 lot acres
Property size
12,506 SF
Property type
Office buildings
APN
LAWR M:0126 B:0000 L:0043
APU
LAWRM0126B0000L0043

Description

This exceptional turnkey beauty salon, located at 350 Essex Street in the heart of Lawrence, Massachusetts, presents a unique investment opportunity. The 2,000 square foot space boasts a luxurious and modern design, perfectly suited for immediate operation. The salon features eight styling stations, providing ample space for stylists and clients. Five dedicated nail care stations cater to the growing demand for manicures and pedicures. Two private treatment rooms offer the privacy needed for specialized services such as facials or waxing. A welcoming reception area ensures a positive client experience from the moment they enter. The property sits on a 0.16-acre lot, offering convenient access and high visibility from Essex Street, a key thoroughfare in downtown Lawrence. All equipment is included, making this a truly turnkey operation, ready for a new owner to step in and begin generating revenue. This is an ideal opportunity for an experienced salon owner or a savvy entrepreneur looking to enter the thriving beauty industry in a prime downtown location. The asking price is $99,900, representing a significant value for a fully equipped and established business. This is a rare chance to acquire a profitable and well-established salon in a vibrant and growing city. Don't miss this chance to own a piece of Lawrence's thriving business community.


Value Estimations

based on Realmo’s proprietary methodology
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $2,291,000
    Market price range: $1.95M - $5.04M
  • Alternative Use

    Use
    Estimation
    OFFICE BUILDING
    $3,215,000
    Current use
    AUTO REPAIR, GARAGE
    $2,995,000
    Change: -7% Conversion: Difficult

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Lawrence
County
Essex
State
Massachusetts
Longitude
-71.1622
Latitude
42.7071
CBSA code
14460
CBSA name
BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$19,254
$178,300
$815,700
$994,000
-
$0.00
$0.00
$0.00
More about this property
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