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    311-313 S Broadway St

    Lawrence, MA 01843
    • $595,000
    • STATUS: Active
    • MLS #: 72719262
    UPDATED: 56 min ago
    $595,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1925
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Mei Zhou of Coldwell Banker Realty - Andover.

    Description

    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.

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    The property listing data and information 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 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 set forth herein. Data last updated 2020-11-29T17:06:21.57.
    www.spectrumrec.com/homes/109606192
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    311-313 S Broadway St Lawrence, MA 01843

    • Price: $595,000
    • Status: Active
    • Updated: 56 min ago
    • MLS #: 72719262
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1925
    Built
    Neighborhood:
    Other
    County:
    Essex
    Area:
    Other
    Property Description
    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.
    Exterior Features

    Construction FrameStucco Location StripFree StandingHighway AccessPublic TransportationNeighborhood Parking Features Paved DrivewayOn Site Parking Spaces 5 Roof Material ShingleRubber Site Condition DryLevelImproved Stories 3

    Interior Features

    Elevator No Maf Building Sq Ft 0.00 Ref Building Sq Ft 2000.00 Rsf Building Sq Ft 3000.00 Waf Building Sq Ft 0.00

    Property Features

    Assessed Value Building 311200.00 Assessed Value Land 120800.00 Assessed Value Total 442000.00 Commercial Industrial Type Commercial Condo Association No Disclosure No Disclosures This is Mixed Use Building: 1st Floor is Restaurant2Nd And 3rd Are Residential Apartments Easements Unknown Exchange No Gross Annual Income 66000.00 Lease No Lender Owned No Lien And Encumbent No Mau Units 0 Ofu Units 0 On File21 E No Reu Units 1 Rsu Units 2 Short Sale Lender App Required No Space Available For Sale Subdividable Possible Sublet No Tax Year 2020 Taxes 8100.00 Utilities Public WaterPublic SewerNatural Gas Wau Units 0 Year Built Source Pr Zone Description Other (See Remarks) Zoning B2

    Listing information © 2020 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of Mei Zhou of Coldwell Banker Realty - Andover.


    The property listing data and information 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 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 set forth herein. Data last updated 2020-11-29T17:06:21.57.
     
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    14 Breakneck Hill Rd. STE. 101
    Lincoln RI, 02865
    Listing courtesy of Mei Zhou of Coldwell Banker Realty - Andover.