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643 Broadway #647 Lawrence, MA 01841
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Key Details
Sold Price $710,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,634 sqft
Price per Sqft $269
MLS Listing ID 73488148
Year Built 1900
Annual Tax Amount $7,684
Tax Year 2025
Lot Size 3,049 Sqft
Property Description
Investment Opportunity – 643 Broadway, Lawrence, MA. Fully occupied four-unit commercial building located at the highly visible corner of Broadway and Whitman in Lawrence. This 2,634 sq ft property offers a strong income-producing opportunity with a proven rental history and long-term tenants already in place.The building is fully leased with stable occupants and minimal historical vacancy, making it a reliable addition to any investor's portfolio. Tenants are responsible for all utilities except water, helping maintain low operating expenses for ownership.Situated on a prominent corner lot along Broadway, the property benefits from significant daily vehicle and foot traffic, offering excellent exposure for businesses. The building also features a large basement that provides additional storage capacity for tenants or potential operational use.With its premier commercial location, consistent income stream, and established tenancy, 643 Broadway represents a turnkey investment opp.
Location
State MA
County Essex
Area North Lawrence
Zoning B2
Exterior
Utilities Available Public Water, Public Sewer
Roof Type Shingle
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Bought with Diane Amato • Vylla Home
NEARBY SCHOOLS & BUSINESSES
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