511-529 Broadway Active Save Request In-Person Tour Request Virtual Tour
Lawrence,MA 01841
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 14,618 sqft
Price per Sqft $123
MLS Listing ID 73347835
Year Built 1920
Annual Tax Amount $15,233
Tax Year 2024
Lot Size 5,662 Sqft
Property Description
Value Add Opportunity ! Permits in place to build out 10 One Bedroom Apartments.Located on the highly sought after and heavily traveled Route 28 Interstate Highway.Tri level structure improved by 5 retail storefronts with long standing tenants in place. Updated sprinkler system. Wet system on lower levels and Dry system above.Also has an updated fire prevention system. Storefronts have their own separately metered utilities, including self contained heating and cooling systems in place. New electrical service in place. Five young rubber roofs. Present rent roll is below market with no leases having room for larger bottom line.Located on the bus line.The asset is positioned across from the newly developed Malden Mils Loft community Loft Five50 consisting of first phase development. Second phase development having an additional 200 units has just been improvedand in process.
Location
State MA
County Essex
Zoning .
Exterior
Utilities Available Public Water,Public Sewer
Roof Type Rubber