511 BroadwayLawrence, MA 01841MLS Number 72244493

  • Price: $999,500
  • 217 Days on Market
$/month over payments
Federal 30-year interest rate: 3.94% last updated on Dec 21, 2017
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 0.13Acreage
  • 1920Year Built
  • 14458Square Feet

Driving Directions

Located on the highly sought after and heavily traveled Route 28 Interstate Highway.Tri level brick structure improved by 5 retail storefronts with long standing tenants in place. Updated sprinkler system and fire prevention system. Storefronts having their own separately metered utilities, including self contained heating and cooling systems in place. New electrical service in place. Five new rubber roofs installed recently. Two additional floors consisting of unfinished space.The unfinished additional two floors lends itself to unlimited configurations ie: Office, space, Apartment conversion etc. Present rent roll is below market having room for larger bottom line.Located on bus line.The asset is positioned across from the newly developed Malden Mils Loft community Loft Five50 consisting of first phase development with an additional projected 200 plus units with second phase nearing development.

Listed by George Silva of EMPIRE

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More Info

Basic Information

  • List Price$999,500
  • StatusACT
  • Year Built SourcePublic Record
  • Year Built1920
  • LeaseNo
  • Date Listed10/18/2017
  • DirectionBroadway ( Route 28 )
  • MLS Number72244493
  • Status Date2018-05-15T17:41:00


  • Railroad SidingNo
  • ConstructionFrame
  • Roof MaterialRubber


  • UtilitiesPublic Water, Public Sewer


  • Photo Date2017-10-18T13:23:00
  • Number of Photos17


  • Modification Date2018-05-19T03:06:00
  • Property TypeCommercial
  • Listing AlertNo
  • EasementsYes
  • DisclosureNo
  • Book13016
  • Listing AgreementExclusive Right to Sell
  • Off Bldg Sf9638
  • Prop TypeCI
  • Ref Bldg Sf4018
  • Plat PlanNo
  • ExchangeNo
  • Page305


  • Street No511- 529
  • Building Number511
  • StreetBroadway
  • Zip01841
  • StateMA
  • CountyEssex
  • LocationSuburban, Public Transportation
  • TownLawrence


  • Acreage0.13
  • Parking Spaces
  • Space AvailableFor Sale
  • SubletNo
  • Handicap AccessNo
  • Condo AssociationNo
  • Lot Size5830
  • Lot11
  • Assessed Value Land86800
  • Main LoBB3301
  • Square Feet14458


  • No Units7
  • No Buildings1
  • No Of Restrooms5
  • No Stories3
  • SprinklersYes
  • Total Units7
  • Total Bldg Sf14458
  • Wau Units1
  • Sub DividablePossible
  • Entry OnlyNo
  • ElevatorNo
  • Assessed Value Bldg617100
  • DividableUnknown
  • Undrgrnd TankUnknown
  • Reu Units5
CENTURY 21 Advance Realty
Office: 781-395-2121
284 Salem Street
Medford, MA 02115

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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