CCertihomes
297 Broadway, Lawrence, MA 01843

$700,000

0 beds 3 baths 1,022 sqft Built 1934Active

About this home

Calling all entrepreneurs! Owner retirement may be your new opportunity! Fully operating diner located in an easy to access South Lawrence location! Cavallo Restaurant (297 S Broadway) includes business & real estate property. Restaurant has a beer & wine liquor license, is open 7 days/week & employs 12 employees. Property includes plenty of off-street parking with it's convenient corner lot location. Full basement offers plenty of storage space! All equipment and furnishings are included in the real estate sale as well as the sale of the business, seller is willing to train new owner(s) on business operations, if needed. Potential development opportunity!

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.2% APR.

Your estimated payment
$6,193/mo

Real estate (PITI + HOA + PMI)
$5,974
Principal + interest$4,514
Property tax + insurance$1,197
PMI / 2nd mortgage$263
Utilities
$474
Heating + cooling$75
Internet + TV + phone$158
Water + sewer + garbage$58
Transportation
$141
Car insurance + maintenance$141
Other (entertainment)
$158
$6,193/mo TLC
Budget$6,693/mo
Remaining after TLC$500/mo
Purchase price
$700,000
Down payment
$35,000 (5%)
Loan amount
$665,000
APR
7.2%

Quick facts

Type
COM
Style
Year built
1934
Lot size
0.11 ac
Stories
0
Heating
Cooling
Water
HOA
Annual tax
$6,374
MLS #
73203821
County
Essex

Home features

Roof
Metal

Neighborhood — 01843

MetricThis ZIPCountyUSA
Population24,2966,444,931299,088,112
Population Change Since19909.00%7.00%20.00%
Population Density6,721786
Male11,6983,127,134147,432,321
Female12,5983,317,797151,655,844
Never Married6,3691,612,88563,775,926
Married7,7812,586,314123,120,365
Separated1,380247,85712,639,686
Widowed1,394363,59415,467,586
Divorced1,591436,88823,075,029
Number Of House Hold8,7872,431,591111,826,380
Average House Hold Size2.742.562.60
Medial Age30.6737.2535.46
Median House Hold Income$39,255$57,698$48,276
Average House Hold Income$51,079$75,023$63,629
P C I$18,938$29,196$24,529
M D I$34,390$48,105$41,133
A T H E$44,310$57,083$50,898
S T R5.00%5.00%
W C J72.98%81.38%77.74%
(Zip) Code
1843

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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MLSPIN

Listing information last refreshed 2/20/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.

297 Broadway · Lawrence — $700,000 · Certihomes