$1,799,900
511-529 Broadway
Lawrence, MA, 01841
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.
Property Details
Price:
$1,799,900
MLS #:
73347835
Status:
Active
Beds:
0
Baths:
0
Address:
511-529 Broadway
Type:
Commercial
City:
Lawrence
Listed Date:
Mar 19, 2025
State:
MA
Finished Sq Ft:
14,618
Total Sq Ft:
14,618
ZIP:
01841
Lot Size:
5,830 sqft / 0.13 acres (approx)
Year Built:
1920
Schools
Interior
Exterior
Roof
Rubber
Financial
Tax Year
2024
Taxes
$15,233
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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511-529 Broadway
Lawrence, MA
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