This Property is No Longer Available
230-234 Hampshire St, Lawrence, MA 01841
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$1,102,500
*Sale Price
Type: Commercial
Lease Type N/A
6107 Bldg. SQFT
N/A Restrooms
Parking: N/A

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.

Property Details tap to expand

Property Information

  • Type: Commercial
  • Location: Other (See Remarks)
  • MLS ID#: 73349431

Financial

  • Gross Annual Expenses: 33250
  • Gross Annual Income: 130776
  • Net Operating Income: 97526

Building Information

  • Total SQFT: 6107

Construction & Utilities

  • Utilities: Public Sewer, Public Water

Property History tap to expand

Date Event Price Price/Sq Ft Source
04/30/2025Sold$1,102,500$181MLSPIN
04/12/2025Under Agreement$1,100,000$180MLSPIN
03/29/2025Contingent$1,100,000$180MLSPIN
03/28/2025Active$1,100,000$180MLSPIN
03/24/2025New$1,100,000$180MLSPIN

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Seller's Representative: Jose Frias, Realty ONE Group Nest
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-04-30 08:55:00

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