Rare opportunity to acquire a well-located auto sales, body shop, repair facility on highly visible Route 28 in S Lawrence, minutes from 495 and the Andover line. Properties with existing auto-use in this corridor are increasingly difficult to find, making this an exceptional opportunity for an owner-operator or entrepreneur looking to establish/expand in a high-traffic location. The building has five drive-in bays, including three double-deep bays, along with multiple lifts, approximately 15-foot ceilings, and a dedicated office and reception area. The shop layout is efficient and well-suited for a full-service repair operation, sales, or a combination of services. The property also presents potential for operators seeking to incorporate used vehicle sales, subject to licensing and municipal approvals, as well as state inspection sticker services. Buyers are encouraged to perform their own due diligence regarding licensing, permitting, and future uses. Terms and additional details TBD
284 S Broadway, Lawrence, (South Lawrence), MA, 01843
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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