May 28, 2021 – Spencer Norton of Horvath & Tremblay has arranged the sale of a mixed-use property in Lawrence, Massachusetts. Norton exclusively represented the buyer to complete the transaction at a sale price of $1,425,000.
The mixed-use property is located at 175 Essex Street in Lawrence, Massachusetts. The property consists of three (3) retail units and three (3), 2-Bedroom/1-Bathroom units, and six (6), 1-Bedroom/1-Bathroom units in 8,864 square feet of living area (9,377 square feet of gross area). The property is located on a 0.05-acre corner lot at the signalized intersection of Essex Street and Jackson Street. The property is well located in a densely populated commercial and residential neighborhood in the heart of downtown Lawrence. The location offers convenient highway access (Interstates 495 and 93) and walking distance to numerous neighborhood amenities and public transportation options. The property is 0.6-miles from Lawrence’s MBTA Commuter Rail Station.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.