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Property profile & analytics
FOR SALE
Retail space

407 Essex Street Aly Lawrence, MA 01840

Built 1971
Property ID
US38-Q006554
Property summary
AI-generated overview

Highly visible and established downtown building, waiting for it's next ambitious entrepreneur. 3,654 sq. ft. of store front , plus the same amount of space in a high ceiling finished basement. A brick construction building positioned, virtually adjacent to Northern Essex Community College Health and Technology Center, just a few blocks from route 28 and very close to 495 and 93 with a high traffic count. Own your flexible retail/office space in the heart of downtown with entrances to one of the most attractive Urban Renewal Downtown Project's, "The Alley Way". The street level location, large windows offer great natural light & great sidewalk visibility. The potential usage of this location, includes Retail, office, bookstore, Art supply among other entrepreneurial creativity. Don't miss the opportunity to be part of the URBAN RENEWAL OF LAWRENCE!

Property profile
Verified
Property type Retail space
Year built 1971
UPID US38-Q006554
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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