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Property profile & analytics
OFF-MARKET Estimated value $2,335,000
Office buildings

350 Essex St Lawrence, MA 01840-1426

12,506 SF 0.16 ac lot Built 1946
Entity Owned 7-yr Hold Absentee Owner Free & Clear
Property ID
US38-0106665
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1946
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 12,506 SF
Lot 0.16 ac (7,045 SF)
APN LAWR M:0126 B:0000 L:0043
UPID US38-0106665
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.29M
Blend (final) Blend
$2.34M
Owner & transaction history
Lucky Trading Ctr LLC · 7 yrs held
Lucky Trading Ctr LLC
since 2018
5 recorded transactions
2018
Price N/A
2004
$1
2004
$300,000
1992
$300,000
1991
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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