A rare opportunity to acquire a highly visible industrial/flex property at 223 Winthrop Avenue, Lawrence, MA. Situated on a 0.42-acre site, the approximately 12,266-square-foot building features a versatile combination of showroom/retail, office, warehouse, and storage space, making it well suited for owner-users, contractors, distributors, service businesses, and investors. The property offers the opportunity for immediate occupancy while also generating in-place rental income. Existing lease agreements provide a new owner with the flexibility to continue leasing to three current tenants or, subject to the terms of the respective leases, terminate certain tenancies to accommodate an owner's occupancy requirements.
223 Winthrop, 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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