41
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$1,100,000
Est. payment /mo
6,107 SqFt
Active Under Contract
230-234 Hampshire St Lawrence, MA 01841
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Key Details
Property Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 6,107 sqft
Price per Sqft $180
MLS Listing ID 73349431
HOA Y/N false
Year Built 1920
Annual Tax Amount $13,511
Tax Year 2024
Lot Size 8,276 Sqft
Acres 0.19
Property Description
Situated in the heart of Lawrence, Massachusetts, this well-known plaza, established in 1920, offers 6,107 square feet of commercial space on an 8,480 square foot lot. Home to long-standing and successful businesses—including a restaurant, nail salon, multi-service center, grocery store, tint shop, and a fully renovated vacant unit ready for a new tenant—the property has earned a reputation as a prime location where businesses aspire to be. Its central location amidst a dense residential area ensures high visibility and foot traffic, resulting in strong demand from commercial tenants and a historically low vacancy rate. A full basement with high ceilings offers excellent potential for additional storage, business expansion, or added income opportunities. Investors will appreciate the consistent income generated by these established tenants, making this plaza a secure and valuable addition to any real estate portfolio.
Location
State MA
County Essex
Zoning B
Direction Corner of Cross and Hampshire St.
Exterior
Utilities Available Public Water, Public Sewer
Roof Type Rubber
Total Parking Spaces 5
Others
Senior Community false
Listed by Realty ONE Group Nest