120 Amesbury StLawrence, MA 01840

Property Details for 120 Amesbury St

Year built

1950

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.89 AC

Property size (Sq ft)

1,997 SF

Property type

Auto shops

APN

LAWR M:0126 B:0000 L:0016

APU

LAWRM0126B0000L0016

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $485,341

  6.5%

  $448,007

  7%

  $416,006

• Comparable approach

  Method

  Valuation

  Relative Method

  $657,539

  Geo Method

  $657,539

• Alternative Use

  Use

  Valuation

  Residential

  $377,910

  Hospitality

  $346,164

  Educational

  $288,004

  Medical

  $297,909

  Retail

  $448,007

Location Insight

City

Lawrence

County

Essex

State

Massachusetts

Latitude

42.7092

Longitude

-71.1647

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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