Address
78 Confidential Way, Lawrence, MA
Price
$ 4,000,000
Property Attributes
- MLS#73145388
- TypeCommercial
- CountyESSEX
- CityLawrence
- Zip01843
- StyleCommercial
- Year Built1920
- Taxes$ 11196
- Price$ 4,000,000
- Bedrooms0
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage4472
- Lot Size8,712 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
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.
| Price History | |
|---|---|
| 8/7/2023 | Listed $4,800,000 |
| 1/24/2024 | 7% - $4,500,000 |
| 2/12/2024 | 12% - $4,000,000 |
General Features
| Utilities | Public Water,Public Sewer,Natural Gas Available,110 Volts |
|---|---|
| Roof | Asphalt/Composition Shingles |
| Zoning | B1 |
| Year Built | 1920 |
| Tax Year | 2023 |
| Business Type | Commercial |
| County | Essex |
| Property Type | Commercial Sale |
| HOA / Comm Assn | No |
| Status | Active |
| Directions | On request |
| City | Lawrence |
| Disclosures | Property has audio and video recording equipment. |
| Senior Community Y/N | No |
| Zoning Description | Legal Conforming |
| Lot Size Square Feet | 8724 |
| Waterfront Y/N | No |
| Street Name | Confidential Way |
| Tax Annual Amount | 11196 |
| Home Warranty Y/N | No |
| Building Area Units | Square Feet |
| Standard Status | Active |
Interior Features
| Total Baths | 3 |
|---|
Exterior Features
| Total Parking | 30 |
|---|---|
| Lot Size Area | 0.2 |
| Building Area Total | 4472 |
| Lot Size Acres | 0.2 |
| Lot Size Units | Acres |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 01843
Price
Taxes
Visits
Year Built
Walkscore
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