Warehouse

516 Broadway Street

Listing Price: $2,800,000

Cap Rate
11.97%
Gross SF
135,770
Price/Gross SF
$20.62
Lot Size
2.19 acres
Year Built
1870
Rentable SF
135,770

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 516 Broadway in Lawrence, Massachusetts. Located in Downtown Lawrence, this site provides immediate proximity to the best manufacturing labor pool in Massachusetts. The current building is being used by an office installation company. The current tenants have been in the building since 2012.

Nestled conveniently near Interstate 93, the site provides straightforward access to downtown Boston in under 28 minutes. The New Hampshire border is only a few miles away and the affluent town of Andover is only ten minutes away.

Originally constructed at the turn of the 20th century the building was significantly updated in 2018 with a state-of-the-art showroom and office space. Also, a +/- 3,000 square foot addition was constructed in 2017 with five docks for easy truck access. Two hundred and seventy-five parking spaces are included in the sale.

Investment Highlights

  • Located within a qualified opportunity zone.
  • Includes +/- 7,000 SF of modern showroom and office.
  • Only 1.7 miles from I-93

Exclusively Listed By

Listing Price: $2,800,000

Cap Rate
11.97%
Gross SF
135,770
Price/Gross SF
$20.62
Lot Size
2.19 acres
Year Built
1870
Rentable SF
135,770

Investment Highlights

  • Located within a qualified opportunity zone.
  • Includes +/- 7,000 SF of modern showroom and office.
  • Only 1.7 miles from I-93

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 516 Broadway in Lawrence, Massachusetts. Located in Downtown Lawrence, this site provides immediate proximity to the best manufacturing labor pool in Massachusetts. The current building is being used by an office installation company. The current tenants have been in the building since 2012.

Nestled conveniently near Interstate 93, the site provides straightforward access to downtown Boston in under 28 minutes. The New Hampshire border is only a few miles away and the affluent town of Andover is only ten minutes away.

Originally constructed at the turn of the 20th century the building was significantly updated in 2018 with a state-of-the-art showroom and office space. Also, a +/- 3,000 square foot addition was constructed in 2017 with five docks for easy truck access. Two hundred and seventy-five parking spaces are included in the sale.

Exclusively Listed By

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