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123-131 Commercial Street
Lynn, MA. 01902


MLS # 72636382 - Active
Commercial/Industrial Commercial

List Price $1,375,000 Zoning BD
List Date   Lot Size 14,834SF
Sale Price   Est. Street Front 0
Sold Date   Depth 0
Assessed Value $738,500 Waterfront  
Days on Market   Taxes $19,105.00
Square Footage 8,642 Tax Year 2020
# Units 5 Parking Spaces 16
Remarks:
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.
Building Info
Office Sq. Ft.   3274
Office Units   2
Retail Sq. Ft.   1000
Retail Units   1
Resi. Units   0
Wrhse. Sq. Ft.   4368
Wrhse. Units   2020
Total Units   5
Total Sq. Footage   0
Features
# 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
Financial Info
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
Additional Information
Association Info   Association
   Available?: No
Deed   Book: 22294, Page: 23 Space Available   For Sale

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Property Last Updated by Listing Office: 9/16/20 3:05am

Courtesy: MLSPIN

Contact agent for more information about this listing
Listing Office: RE/MAX 360 Listing Agent: Katie DiVirgilio Team


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