Situated in prime downtown Lynn, this 3,000 sq ft turnkey commercial property offers immediate cash flow. It features two distinct spaces: a leased retail space providing consistent monthly income with potential for rent increases, and a fully-equipped restaurant with a full bar, 50 seats, and a liquor license, ideal for various dining concepts. A separate storage area is included. Just minutes from the commuter rail, luxury residential buildings, and a bustling downtown, this property benefits from high foot and car traffic, ensuring excellent visibility. Located in one of Greater Boston’s fastest-growing areas, the property is also near the ocean, adding appeal for visitors and residents. With proximity to thriving neighborhoods, public beaches, and expanding commercial activity, this property is perfect for business owners seeking growth. Amazing opportunity for strong income, high visibility, and long-term value. Perfect for those looking to make a smart and profitable investment!
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Last Updated: December 9th, 2024 at 5:38am
General Information for 52-56 Central Sq, Lynn, Massachusetts 01901
Property TypeCommercial Sale
Price$775,000
MLS #73317355
List Date2024-12-04
Special Listing Conditions
StateMassachusetts
Street NameCentral Sq
Unit
CityLynn
Zip Code01901
CountyEssex
MLS Status
AssociationYes
Heat Zones
Sold Date
Building Area Total2943
Building Area Units0
Close Date
Close Price$0
Listing Service
UnparsedAddress52-56 Central Sq, Lynn MA 01901
Zoning
Zoning DescriptionLegal Conforming
Business TypeCommercial
Interior Features for 52-56 Central Sq, Lynn, Massachusetts 01901
* Approx. Living Area Total2,943 sq ft
MLS Area (Major)
OffMarketDate
Exterior Features for 52-56 Central Sq, Lynn, Massachusetts 01901
* Parking Spaces0
* Year Built1890
Year Built Details
Year Built Source
Construction Materials
Approx. Street Frontage
Utilities
Disclosures for 52-56 Central Sq, Lynn, Massachusetts 01901
Buyer Agent Compensation
Contingency
Financing
Disclosures
Documents Available
MLSPIN_COMP_BASED_ON
MLSPIN_COOP_COMP
MLSPIN_DISCLOSURE
Lead PaintUnknown
Facilitator Compensation
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 52-56 Central Sq, Lynn, Massachusetts 01901
Association Fee$0
Association Fee Frequency
Associaton Fee IncludesInsurance, Sewer, Water
AssociationYes
Assessed Value
Real Estate Tax$0
Tax Year
Existing Lease Type
OriginalListPrice$775,000
Lifestyle Information for 52-56 Central Sq, Lynn, Massachusetts 01901
Association Amenities
Frontage Type
GarageYNNo
Location information for 52-56 Central Sq, Lynn, Massachusetts 01901
Marketing History for 52-56 Central Sq, Lynn, Massachusetts 01901
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PurchaseContractDate
Agent Information for 52-56 Central Sq, Lynn, Massachusetts 01901