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511-529 Broadway, Lawrence MA 01841

Commercial Sale

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.

This home has been viewed 92 times

Last Checked: June 18th, 2025 at 4:32am (Source: MLS PIN #73347835)

General Information for 511-529 Broadway, Lawrence MA 01841

Listing ID73347835

Property TypeCommercial Sale

Price$1,799,900

Style

CityLawrence

CountyEssex

MLS Area

Neighborhood(s)

Garage Parking

Zoning.

AssociationNo

Year Built1920

Year Built Source

Year Renovated

Year Built Details

Handicap Access / FeaturesNo

Energy Features

Disclosures for 511-529 Broadway, Lawrence MA 01841

Lead Paint

UFFI

Living Area Includes Basement

Living Area Disclosure

Building Area Source

Senior CommunityNo

Special Listing Conditions

For Sale By OwnerNo

Exclusions

Disclosures

Title 5

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Contact Information for 511-529 Broadway, Lawrence MA 01841

Agent

Name: George Silva

Office

Name: Empire Real Estate™

Phone: 978-662-1981

Exclusive Listing Agent

Empire Real Estate™

George Silva

Agent Phone

Office Phone

(978) 662-1981

Text Agent Call Agent Call Office

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EXIT