Bob Barcelos | Methuen Real Estate, Lawrence Real Estate, Andover Real Estate, Salem Real Estate

411-415 S Broadway, Lawrence, MA 01843  

South Lawrence
Type of Comm.
Lot Size
Jim's Original Subs in south Lawrence is for sale! This is for the real estate and the business combined, no lease here! This sale is not due to Covid but actually the contrary. Jim's has not closed down once since March and business is at an all time high due to the fact it was 90-95% take-out and delivery before Covid appeared. And being open until 1 AM helps! This is a turn-key business that will provide instant income. There is no sign of it slowing down as the last 3 yrs have showed a steady increase in sales as well as cash flow. He is willing to train the new buyer and/or allow them to come to the shop and view the day to day operations to verify that the business produces what the records say. He is completely transparent with financials and has all the tax returns and records that will show the succession over the last 3-4 yrs. Buyer will have to sign a non disclosure agreement to view the records. This is a rare opportunity for the right person that is in this industry!
Open House
No scheduled Open Houses
Lot Size: 11,350.00
Acres: 0.26
Area/Village: South Lawrence
List Price: $1,700,000
Type: Commercial
Type of Comm.: Commercial
Status: Under Agreement
Stories: 1
Buildings: 1
Year Built: 1924
MLS#: 72820115
Acres: 0.26
Lot Size: 11,350.00
Parking Spaces: 20
Short Sale Lender Approval: No
Lender Owned: No
21E On File: No
Assessed Building Value: $415,600
Assessed Land Value: $155,500
Exchange: No
Taxes: $15,305
Tax Year: 2020
Book/Page: 4198/127
Sublet: No
Total Assesed Value: $571,100
Zone Description: Other (See Remarks)
Disclosure Declaration: Yes
Disclosure: Business and real estate being sold together with all equipment included.
For Lease: No
Space Available: For Sale
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The listing office is Century 21 McLennan & Company and the listing agent is Mike Pettoruto. 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 it's 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. The data was last modified on 12/18/2018 2:44:00 PM.