311-313 S Broadway StreetLawrence, MA 01843MLS Number 72719262

  • Price: $595,000
  • 22 Days on Market
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Federal 30-year interest rate: 2.87% last updated on Sep 17, 2020
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311-313 S Broadway Street Lawrence MA 01843311-313 S Broadway Street Lawrence MA 01843311-313 S Broadway Street Lawrence MA 01843311-313 S Broadway Street Lawrence MA 01843311-313 S Broadway Street Lawrence MA 01843311-313 S Broadway Street Lawrence MA 01843311-313 S Broadway Street Lawrence MA 01843311-313 S Broadway Street Lawrence MA 01843311-313 S Broadway Street Lawrence MA 01843311-313 S Broadway Street Lawrence MA 01843311-313 S Broadway Street Lawrence MA 01843311-313 S Broadway Street Lawrence MA 01843311-313 S Broadway Street Lawrence MA 01843311-313 S Broadway Street Lawrence MA 01843311-313 S Broadway Street Lawrence MA 01843311-313 S Broadway Street Lawrence MA 01843311-313 S Broadway Street Lawrence MA 01843311-313 S Broadway Street Lawrence MA 01843311-313 S Broadway Street Lawrence MA 01843311-313 S Broadway Street Lawrence MA 01843311-313 S Broadway Street Lawrence MA 01843311-313 S Broadway Street Lawrence MA 01843311-313 S Broadway Street Lawrence MA 01843311-313 S Broadway Street Lawrence MA 01843311-313 S Broadway Street Lawrence MA 01843311-313 S Broadway Street Lawrence MA 01843311-313 S Broadway Street Lawrence MA 01843311-313 S Broadway Street Lawrence MA 01843
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  • 0.17Acreage
  • 1925Year Built

Driving Directions

Location, Location and Location! This is an $66,000 opportunity -- one of the best combination location: one-stone away from major highway #93/#495, neighbor with TD Bank, brand new Cumberland/Gas station right across street. This three units property consists of two over-size three-bedroom apartments on the 2nd and 3rd floor, a more than 2000 sqft restaurant on the first floor. All utilities are separated, each tenants pay their own. Currently each rental apartment pays $1,500 monthly and tenant-at-will. The first floor restaurant pays $2,500 monthly plus its utilities. At the back of building, there is 4~5 parking space. For this location and size apts,, it is easy to rent . It will be great with for owner-use restaurant while collecting $3,000 monthly rents, or living in one apartment collecting $4,000 monthly rents. Per city land use planner, this property is in the B2 zone, it can be used for many commercial use like liquor store or simply convert to 3-family with variance.
Listed by Mei Zhou of Coldwell Banker Realty - Andover

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More Info

Parking

  • Parking Spaces5
  • Parking FeaturePaved Driveway, On Site
  • Total Parking Spaces5

Building

  • Year Built1925
  • ConstructionFrame, Stucco
  • Rsu Units2
  • Reu Units1
  • No Buildings1
  • No Stories3
  • Sub DividablePossible
  • Entry OnlyNo
  • ElevatorNo
  • Assessed Value Bldg311200

Photos

  • Photo Date2020-09-09T14:09:00
  • Number of Photos28

Other

  • Modification Date2020-09-09T14:09:00
  • Property TypeCommercial
  • Listing AlertNo
  • EasementsUnknown
  • Year Built SourcePublic Record
  • DisclosureNo
  • DisclosuresThis is mixed use building: 1st floor is restaurant, 2nd and 3rd are residential apartments
  • Book2718
  • Listing AgreementExclusive Right to Sell
  • Rsf Bldg Sf3000
  • Ref Bldg Sf2000
  • ExchangeNo
  • Firm Rmk1Buyer agent and buyer do their due diligent.
  • Page248
  • View Count1

Basic Information

  • MLS Number72719262
  • Prop TypeCI
  • Status Date2020-09-02T09:28:00
  • Date Listed09/02/2020
  • List Price$595,000
  • LeaseNo
  • DirectionExit 41B off Route 93
  • MLS StatusActive

Exterior

  • Roof MaterialShingle, Rubber

Utilities

  • UtilitiesPublic Water, Public Sewer, Natural Gas

Location

  • StreetS Broadway Street
  • TownLawrence
  • StateMA
  • Zip01843
  • Zip Code 42632
  • CountyEssex
  • LocationStrip, Free Standing, Highway Access, Public Transportation, Neighborhood

Property

  • Acreage0.17
  • Space AvailableFor Sale
  • Site ConditionDry, Level, Improved
  • SubletNo
  • Lot Size7338
  • Gross Annual Income66000
  • Condo AssociationNo
  • Assessed Value Land120800
  • Main LoAN6181
CENTURY 21  Advance Realty
CENTURY 21 Advance Realty
Office: 781-395-2121
284 Salem Street
Medford, MA 02155

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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