297 BroadwayLawrence, MA 01843

Property Details for 297 Broadway

Year built

1934

Construction

STEEL FRAME

Lot size

0.11 AC

Property size (Sq ft)

1,022 SF

Property type

Turn key restaurants

APN

LAWR M:0098 B:0000 L:0010

APU

LAWRM0098B0000L0010

Description

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.

Location Insight

City

Lawrence

County

Essex

State

Massachusetts

Latitude

42.6907

Longitude

-71.16

CBSA code

14460

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].