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$1,500,000
Est. payment /mo
19,473 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 19,473 sqft
Price per Sqft $77
MLS Listing ID 73401733
HOA Y/N false
Year Built 1873
Annual Tax Amount $19,351
Tax Year 2025
Lot Size 10,890 Sqft
Acres 0.25
Property Description
This is a mixed use building with a mix of commercial tenants as well as a one-bedroom apartment. Tenant mix consists of automotive, retail, boxing gym, roofing company, storage, and a 6000+ SF owner's suite, which will be vacant upon the sale. The property is located in the Light Industrial zoning district, which allows for many different uses. This property has been owned by the same owner since 1983 and was used as his own engine and parts business for years. The rents are currently 50% below market rate, providing a tremendous amount of upside for an investor or owner-user who can utilize the vacant space for their business. There are three loading docks in the rear of the building with access to the owner's suite. All interested parties will have the opportunity to obtain additional information upon request.
Location
State MA
County Essex
Zoning LI
Direction Located at 723-727 Summer St Lynn, MA 01915
Exterior
Utilities Available Public Water, Public Sewer
Roof Type Asphalt/Composition Shingles,Rubber
Total Parking Spaces 5
Others
Senior Community false
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Listed by New England Realty Advisors LLC
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