128 Parker StLawrence, MA 01843

Property Details for 128 Parker St

Year built

1960

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.10 AC

Property size (Sq ft)

2,296 SF

Property type

Retail space

APN

LAWR M:0101 B:0000 L:0055

APU

LAWRM0101B0000L0055

Description

This exceptional commercial property at 128 Parker Street in Lawrence, MA, presents a unique investment opportunity. Formerly the renowned Packard Pharmacy, this building boasts a prominent location with high visibility and excellent foot traffic, ensuring strong customer accessibility. The property sits on a 0.1-acre lot and offers a spacious interior layout, adaptable to a wide range of commercial uses. Whether you envision a retail boutique, a medical office, or a professional workspace, the flexible design caters to diverse business needs. Large display windows flood the interior with natural light, creating an inviting and welcoming atmosphere for clients and employees. The building's rich history and established presence within the Lawrence community provide an immediate advantage for any new business. This is a chance to acquire a well-positioned commercial space with significant potential for growth and success in a thriving area. The asking price is $649,900. The square footage is not currently specified. This property is ready for its next chapter, and the possibilities are limitless. Don't miss this rare opportunity to own a piece of Lawrence history and build your business in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $558,008

  6.5%

  $515,084

  7%

  $478,293

• Comparable approach

  Method

  Valuation

  Relative Method

  $755,988

  Geo Method

  $755,988

• Alternative Use

  Use

  Valuation

  Residential

  $434,493

  Hospitality

  $397,993

  Educational

  $331,126

  Medical

  $342,514

  Retail

  $515,084

Location Insight

City

Lawrence

County

Essex

State

Massachusetts

Latitude

42.6969

Longitude

-71.1582

CBSA code

14460

CBSA name

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

Property Tax & Assessments

FAQs

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