For Sale
$700,000

297 BroadwayLawrence, MA 01843

Profitable Lawrence Diner, Established Business

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional investment opportunity presents a fully operational restaurant at 297 S Broadway, Lawrence, MA, 01843. The 1,022 square foot, single-story building, constructed in 1934, sits on a 0.11-acre corner lot with convenient highway access and 8 paved parking spaces. The property features a 10-foot ceiling height, a full basement providing ample storage, and is zoned B2. The restaurant, operating under a NNN lease with 3 years remaining, boasts 100% occupancy and a 5.00% cap rate. All equipment and furnishings are included in the sale price of $700,000 ($1,076.32/sq ft). The business includes a beer and wine license and is currently open seven days a week, employing 12 staff members. The seller is willing to provide training to the new owner(s). The building is of frame and steel construction with a metal roof and is serviced by public water, sewer, and natural gas. This free-standing property presents a rare opportunity to acquire a thriving business and valuable real estate in a prime South Lawrence location. The APN is M:0098 B:0000 L:0010.

Highlights

  • Frame construction with steel components.
  • Free-standing building with highway access and corner lot visibility.
  • Attached paved parking for 1-10 vehicles.
  • Metal roof.
  • Public water, sewer, and natural gas utilities.

Property Details for 297 Broadway

Property type
Retail properties, Restaurants
Square Feet
1,022 SF
Year Built
1934
Buildings
1
Stories
1
Lot Size (sq. ft)
4,792 SF

Location Insight

City
Lawrence
County
Essex
State
Massachusetts
Latitude
42.69067746
Longitude
-71.15966906
297 Broadway, Lawrence, Massachusetts

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297 Broadway
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