511 Broadway

Lawrence, MA
$ 624,900 Beds 0 Baths 0 Sq 14,018
Monthly Estimate* How much can I afford?

Priced To Sell. Value Add Opportunity ! 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. 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 young rubber roofs. 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. Second phase development having an additional 200 units has just been improved.

Commercial

  • Price
  • $ 624,900
  • Lot Size
  • 5,663 SqFt
  • Bedrooms
  • 0
  • Sqr Footage
  • 14,018
  • Full Bathrooms
  • 0
  • Year Built
  • 1920
  • Half Bathrooms
  • 0
  • City, Zip
  • Lawrence
  • Taxes
  • 25036
  • County
  • ESSEX
  • Style
  • Commercial
  • Area
  • MLS#
  • 72673661
  • Zip
  • 01841
Listing Provided by: George Silva with EMPIREā„¢.

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Somerville, MA office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
Agent Photo

Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

6/15/2020 Listed $624,900

Property vs Zip Code Average in 01841

Price
AVG $460K
$620K
Taxes
AVG $10,838
$25,036
Visits
AVG 15
14
Year Built
AVG 1940
1920

Map

511 Broadway Lawrence, MA is a Single Family Home for sale at $624900 with 14018 sqft and a lot size of 5,663 SqFt Acre(s). 511 Broadway Lawrence has 0 bedrooms, 0 baths and was built in 1920. The property's zip code is 01841 which is in Lawrence, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.