$800,000
0.09
Acres
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Property Description
Located downtown Lynn, this 3,000 +sq. ft. turnkey commercial property offers immediate income and long-term potential. The sale includes 2 separate spaces: a leased retail currently rented month-to-month for $2,300/m, providing steady income with flexibility for future rent increases, and fully equipped restaurant leased at $4,000/month with a 2-year lease in place. Currently the restaurant includes full bar, seating for 50 guests, making it ideal for a variety of dining concepts. A separate storage area adds additional utility. Situated just minutes from the commuter rail, apartment buildings, and Lynn’s bustling downtown, the property benefits from strong pedestrian and vehicle traffic, ensuring excellent visibility. Located in one of Greater Boston’s fastest-growing coastal communities, adding appeal for both residents and visitors. Buyer and/or buyer’s representatives are strongly encouraged to conduct their own independent due diligence. Landlord pays $1700/m condo fee.
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Highlights
- Property Class: Commercial Sale
- Status: Active
- Year Built: 1890
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Additional Details
- Zoning: Cbd
- Zoning Description: Other (See Remarks)
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Fees / Taxes
- Tax Year: 2025
- Taxes: $7,567
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