78 Confidential Way Lawrence, MA ^$ 4,000,000

78 Confidential Way

^$ 4,000,000

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78 Confidential Way

Lawrence, MA, 01843

^$ 4,000,000

Studio Baths3.0 Sq 4,472

Monthly Estimate*

^$ 27,941

78 Confidential Way, Lawrence, MA 01843 - Image 1

78 Confidential Way, Lawrence, MA 01843 - Image 2

Studio

Commercial Property for sale in Lawrence, MA

for $4,000,000 with 3 full baths. This 4,472 square foot building was built in 1920 on a lot size of 0.2.

Here is a marvelous opportunity to own a well-established and thriving auto rental business strategically located right in the business district of Lawrence with high visibility. Business is privately owned and not in a franchise. It has been in operation for over 20 years with a yearly cash income of over $700k and a monthly cash flow of $55k-$60k. Sale includes commercial real estate which is comprised of first floor offices and two residential units that yield an additional monthly income of $3k. There is a huge fenced in parking lot with a big garage area for auto detailing. Business inventory includes 40 vehicles of assorted makes and models. This is an up and running, solid business with repeat customers. Take it over to continue the cash flow privately or be part of a franchise. Owner is retiring after many years in business. Full inventory list and books will be provided upon request as needed. Serious Buyers only. Please contact agent for more details and inquiries.

Commercial Active

Price

^$ 4,000,000

Bedrooms

Studio

Full Bath

Property Type

Commercial

Taxes

^$ 11,196

Style

Commercial

Lot Size

0.2

Year Built

1920

Town/City

Lawrence

County/Region

Essex

MLS | Web ID

73145388

List By

Salihu Mohammed

Listing Agent

Dick Lepine Real Estate,Inc.

Broker

Affordability Calculator

$28,874

Per Month

Monthly Principal & Interest: $27,941
Monthly Property Taxes: $933
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends

Commerical listings in Lawrence, MA

Average List Price ^$964,062

Percent of Sale Price 76%

About Lawrence, MA

81,636 Population

13% Since 2002

^$37,342 Median Income

34 Median Age

35% Households with Children

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Trends Information provided by ATTOM Data Solutions.

Neighborhood & Schools

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Pricing History

Date	Price	Price Change	Description
2/12/2024	$4,000,000	-11.11%	Price Down
1/24/2024	$4,500,000	-6.25%	Price Down
8/7/2023	$4,800,000		Listed Price

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78 Confidential Way, Lawrence, MA, 01843 is a Commercial Property for sale at $4,000,000 with 4,472 sqft and a lot size of 0.2. 78 Confidential Way is a studio with 3.0 baths and was built in 1920. The property's zip code is 01843 which is in Lawrence, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 5/1/2024.

The real estate information and related content displayed on this site is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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78 Confidential Way

Commercial Property for sale in Lawrence, MA

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