350 Essex StLawrence, MA 01840

Property Details for 350 Essex St

Year built

1946

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.16 AC

Property size (Sq ft)

12,506 SF

Property type

Office buildings

APN

LAWR M:0126 B:0000 L:0043

APU

LAWRM0126B0000L0043

Description

This exceptional turnkey beauty salon, located at 350 Essex Street in the heart of Lawrence, Massachusetts, presents a unique investment opportunity. The 2,000 square foot space boasts a luxurious and modern design, perfectly suited for immediate operation. The salon features eight styling stations, providing ample space for stylists and clients. Five dedicated nail care stations cater to the growing demand for manicures and pedicures. Two private treatment rooms offer the privacy needed for specialized services such as facials or waxing. A welcoming reception area ensures a positive client experience from the moment they enter. The property sits on a 0.16-acre lot, offering convenient access and high visibility from Essex Street, a key thoroughfare in downtown Lawrence. All equipment is included, making this a truly turnkey operation, ready for a new owner to step in and begin generating revenue. This is an ideal opportunity for an experienced salon owner or a savvy entrepreneur looking to enter the thriving beauty industry in a prime downtown location. The asking price is $99,900, representing a significant value for a fully equipped and established business. This is a rare chance to acquire a profitable and well-established salon in a vibrant and growing city. Don't miss this chance to own a piece of Lawrence's thriving business community.

• CAP approach

  CAP return

  Valuation

  6%

  $2,067,615

  6.5%

  $1,908,568

  7%

  $1,772,242

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,634,034

  Geo Method

  $1,634,034

• Alternative Use

  Use

  Valuation

  Residential

  $2,366,624

  Hospitality

  $2,167,815

  Educational

  $1,803,597

  Medical

  $1,865,625

  Retail

  $2,805,595

Location Insight

City

Lawrence

County

Essex

State

Massachusetts

Latitude

42.7071

Longitude

-71.1622

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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