Brought to you by: Pam Cote & Associates - RE/MAX 360
100 Cummings Center
Beverly, MA 01915

(978) 808-9345   (978) 882-4491

Lynn, MA. 01902
MLS # 72636382
Comm./Ind. Commercial
Status Active
List Price $1,375,000 Zoning BD
List Date   Days on Market  
Sale Price   Est. Street Front 0
Sold Date   Depth 0
Assessed Value $738,500 Waterfront  
Lot Size 14,834SF Parking Spaces 16
Square Footage 8,642 # Units 5
Taxes $19,105.00 Tax Year 2020
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123-131 Commercial Street, Lynn. Located seconds to Route 1A, the Lynnway; minutes to Boston & Logan Airport, This property has an amazing location & visibility! This freestanding building houses 5 units, currently occupied by a variety of business. Built new in 2005, block construction; trussed roof; slab; contains 8,642 sq. ft. of space (supplied by owner / please do due diligence) square foot per public record is 6,950. Property contains 14,834 sq. ft. of land w/ plenty of off street parking. 21E completed in 2005. MDC Oil Trap; Special Permits w/ City for; Auto Body & Spray Booth, Auto Repair, Auto Leasing. Special Permit on file w/ Commonwealth of MA; ADA, at Salem Deeds. All units have individual ADA bathrooms; 6 half baths p/ public record. Gas; all units have individual electric, AC & water. 53' storage trailer included in sale. Great investment opportunity or to locate your business. Difficult property to find with location & easy access to major transportation routes.

# Restrooms : 6
Construction : Stone/Concrete
Driving Doors : 0
Easements : 0
Elevator : No
Loading Docks : 0
Location : Downtown, Urban, Highway Access
Parking : 11-20 Spaces, Paved Driveway, On Site
Roof : Asphalt/Fiberglass Shingles
Traffic Count : 0
Utilities : Public Water, Public Sewer

Building Assessed Value : $488,500
Gross Annual Exp. : $5,000
Gross Annual Income : $108,000
Land Assessed Value : $250,000
Net Oper. Income : $103,000

Association Info : Association Available?: No
Deed : Book: 22294, Page: 23
Space Available : For Sale

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