For Sale
$3,400,000

120 Amesbury StLawrence, MA 01840

Prime location, high cash flow potential.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional mixed-use property in Lawrence, MA, presents a compelling investment opportunity. Located at 120 Amesbury Street, this 1,997 square foot building sits on a nearly one-acre lot (0.89 acres) and is zoned MDL. The property currently generates immediate cash flow with an existing tenant under lease for approximately three more years. The building offers a blend of office and retail space, ideal for owner-occupiers or investors seeking strong rental income. With 20 parking spaces available, the property is well-suited to accommodate both employees and customers. Its strategic location adjacent to a newly constructed police station provides high visibility, enhanced security, and increased foot traffic. This prime location offers easy access to major city amenities and infrastructure, making it an attractive proposition for a variety of uses. The ongoing revitalization of the area suggests significant potential for future appreciation and long-term value. This property represents a rare chance to acquire a versatile asset in a thriving urban setting. The property's central location in Essex County, MA, zip code 01840, ensures convenient access to local services and transportation networks. This is an excellent opportunity for investors seeking a stable income stream with significant upside potential.

Highlights

  • 1,997 SF mixed-use building on a 0.89-acre lot in Lawrence, MA.
  • Zoned MDL with 20 parking spaces.
  • Existing tenant with approximately three years remaining on lease, providing immediate cash flow.
  • Prime location adjacent to a new police station, offering high visibility and security.
  • Strong potential for future appreciation due to ongoing area revitalization.

Property Details for 120 Amesbury St

Property type
Retail properties, Office properties
Square Feet
1,997 SF
Lot Size (sq. ft)
38,768 SF

Location Insight

City
Lawrence
County
Essex
State
Massachusetts
Latitude
42.709216426362
Longitude
-71.164067048279
120 Amesbury St, Lawrence, Massachusetts

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120 Amesbury St
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