281-285 Essex St - Apartments FOR SALE


Lawrence, MA 01840- Downtown Lawrence
$3,799,999 USD
254-383-5521
281-285 Essex St, Lawrence, MA for Sale
$3,799,999 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

281-285 Essex St
Lawrence, MA 01840
Downtown Lawrence


HIGHLIGHTS

  • Strategic Location
  • Modern Units
  • Brick Construction

OVERVIEW

281-285 Essex Street presents a rare opportunity to acquire a centrally located mixed-use asset in the heart of Downtown Lawrence. The property consists of sixteen total units, including two commercial storefronts, nine 2-bedroom apartments, one 3-bedroom apartments and four 1-bedroom apartments, encompassing approximately 18,000 square feet on a .11-acre parcel. The building offers a highly attractive blend of residential stability and street-level commercial visibility in one of the city's most attractive corridors.

FOR SALE DETAILS

PRICE

$3,799,999 USD

PRICE/SF

$211 USD /SF

# OF UNITS

16

PRICE/UNIT

$237,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Essex Tribune Building

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,028 SF

ZONING

C

APN/PARCEL ID

LAWR-000126-000000-000026

ASK ABOUT THIS PROPERTY

Patrick HermansJ. Borstell Real EstateMore Info
254-383-5521

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Patrick HermansJ. Borstell Real EstateMore Info
254-383-5521

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.