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Active

7-17 Union Lynn. MA 01902

$4,290,000

Commercial Sale

0 Bedrooms

0 Bathrooms

0 sq ft

1 Parking Spots

Built in 1873

1-17 Union Street, Lynn, MA offers two updated mixed-use properties on the same lot, with 12 apartments and 8 retail storefronts. The brick building was fully renovated in 2021, and the second property received a new roof, siding, windows, and gutters in 2024. This well-maintained asset combines modern updates with excellent rental income potential in a prime location.

This listing has been viewed 29 times in the past 8 days

Last Updated: December 18th, 2024 at 5:18am

General Information for 7-17 Union, Lynn, Massachusetts 01902

Property TypeCommercial Sale

Price$4,290,000

MLS #73319768

List Date2024-12-13

Special Listing Conditions

StateMassachusetts

Street NameUnion

Unit

CityLynn

Zip Code01902

CountyEssex

MLS Status

AssociationNo

Heat Zones

Sold Date

Building Area Total

Building Area Units0

Close Date

Close Price$0

Listing Service

UnparsedAddress7-17 Union, Lynn MA 01902

Zoning

Zoning DescriptionLegal Non-Conforming

Business Type

Interior Features for 7-17 Union, Lynn, Massachusetts 01902

* Approx. Living Area Total0 sq ft

MLS Area (Major)

OffMarketDate

Exterior Features for 7-17 Union, Lynn, Massachusetts 01902

* Parking Spaces1

* Year Built1873

Year Built Details

Year Built Source

Construction Materials

Approx. Street Frontage

Utilities

Disclosures for 7-17 Union, Lynn, Massachusetts 01902

Buyer Agent Compensation2

Contingency

Financing

Disclosures

Documents Available

MLSPIN_COMP_BASED_ON

MLSPIN_COOP_COMP

MLSPIN_DISCLOSURE

Lead PaintUnknown

Facilitator Compensation2

TransactionBrokerCompensationType%

BuyerAgencyCompensationType%

Financial Information for 7-17 Union, Lynn, Massachusetts 01902

Association Fee$0

Association Fee Frequency

Associaton Fee Includes

AssociationNo

Assessed Value

Real Estate Tax$0

Tax Year

Existing Lease Type

OriginalListPrice$4,290,000

Lifestyle Information for 7-17 Union, Lynn, Massachusetts 01902

Association Amenities

Frontage Type

GarageYNNo

Location information for 7-17 Union, Lynn, Massachusetts 01902

Marketing History for 7-17 Union, Lynn, Massachusetts 01902

MLSPIN_MARKET_TIME_BROKER

MLSPIN_MARKET_TIME_PROPERTY

PurchaseContractDate

Agent Information for 7-17 Union, Lynn, Massachusetts 01902

Agent MLS IDCN218989

Office MLS IDNB2539

Buyer Agent MLS ID

Buyer Office MLS ID

Team Members

Exclusive Listing Agent

Oleg Elisev

Greenville Real Estate Group, Inc.

Agent Phone

(617) 840-4961

Office Phone

(617) 983-8300

Text Agent Call Agent Call Office

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            [name] => SEC_DEPOSIT
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3171] => Array
        (
            [field_id] => 3171
            [type] => text
            [name] => Office Phone
            [value] => 617-983-8300
        )

[field_3172] => Array
        (
            [field_id] => 3172
            [type] => text
            [name] => Agent Phone
            [value] => 617-840-4961
        )

[field_3178] => Array
        (
            [field_id] => 3178
            [type] => boolean
            [name] => AdditionalParcelsYN
            [value] => No
        )

[field_3184] => Array
        (
            [field_id] => 3184
            [type] => select
            [name] => BuildingAreaUnits
            [value] => Square Feet
        )

[field_3185] => Array
        (
            [field_id] => 3185
            [type] => text
            [name] => BuyerAgencyCompensation
            [value] => 2
        )

[field_3186] => Array
        (
            [field_id] => 3186
            [type] => select
            [name] => BuyerAgencyCompensationType
            [value] => %
        )

[field_3189] => Array
        (
            [field_id] => 3189
            [type] => price
            [name] => ConcessionsAmount
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3192] => Array
        (
            [field_id] => 3192
            [type] => number
            [name] => ParkingTotal
            [value] => 1
        )

[field_3200] => Array
        (
            [field_id] => 3200
            [type] => price
            [name] => ElectricExpense
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3205] => Array
        (
            [field_id] => 3205
            [type] => date
            [name] => ExpirationDate
            [value] => 01/01/1900
        )

[field_3206] => Array
        (
            [field_id] => 3206
            [type] => select
            [name] => FarmLandAreaUnits
            [value] => Square Feet
        )

[field_3216] => Array
        (
            [field_id] => 3216
            [type] => price
            [name] => GrossIncome
            [raw] => 395124
            [unit_id] => 260
            [value] => $395,124
            [price_only] => $395,124
        )

[field_3220] => Array
        (
            [field_id] => 3220
            [type] => price
            [name] => InsuranceExpense
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3222] => Array
        (
            [field_id] => 3222
            [type] => text
            [name] => ListingAgreement
            [value] => Exclusive Right To Sell
        )

[field_3223] => Array
        (
            [field_id] => 3223
            [type] => date
            [name] => ListingContractDate
            [value] => 13/12/2024
        )

[field_3226] => Array
        (
            [field_id] => 3226
            [type] => area
            [name] => LotSizeSquareFeet
            [value] => 3,000 Sqft
            [raw] => 3000
            [unit_id] => 1
        )

[field_3230] => Array
        (
            [field_id] => 3230
            [type] => price
            [name] => OperatingExpense
            [raw] => 113444
            [unit_id] => 260
            [value] => $113,444
            [price_only] => $113,444
        )

[field_3231] => Array
        (
            [field_id] => 3231
            [type] => price
            [name] => OriginalListPrice
            [raw] => 4290000
            [unit_id] => 260
            [value] => $4,290,000
            [price_only] => $4,290,000
        )

[field_3239] => Array
        (
            [field_id] => 3239
            [type] => select
            [name] => TransactionBrokerCompensationType
            [value] => %
        )

[field_3240] => Array
        (
            [field_id] => 3240
            [type] => text
            [name] => UnparsedAddress
            [value] => 7-17 Union, Lynn MA 01902
        )

[field_3241] => Array
        (
            [field_id] => 3241
            [type] => price
            [name] => WaterSewerExpense
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3246] => Array
        (
            [field_id] => 3246
            [type] => text
            [name] => ZoningDescription
            [value] => Legal Non-Conforming
        )

[field_3248] => Array
        (
            [field_id] => 3248
            [type] => datetime
            [name] => OriginalEntryTimestamp
            [value] => 13/12/2024 20:38:00
        )

[field_3265] => Array
        (
            [field_id] => 3265
            [type] => price
            [name] => MLSPIN_GRE
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3266] => Array
        (
            [field_id] => 3266
            [type] => price
            [name] => MLSPIN_HTE
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3281] => Array
        (
            [field_id] => 3281
            [type] => price
            [name] => MLSPIN_MGF
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3282] => Array
        (
            [field_id] => 3282
            [type] => price
            [name] => MLSPIN_MSE
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3285] => Array
        (
            [field_id] => 3285
            [type] => price
            [name] => MLSPIN_OPTIONAL_FEE
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3290] => Array
        (
            [field_id] => 3290
            [type] => price
            [name] => MLSPIN_PRICE_PER_SQFT
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3292] => Array
        (
            [field_id] => 3292
            [type] => price
            [name] => MLSPIN_RFS
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3293] => Array
        (
            [field_id] => 3293
            [type] => price
            [name] => MLSPIN_RME
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3301] => Array
        (
            [field_id] => 3301
            [type] => select
            [name] => RoomMasterBathroomFeatures
            [value] => Yes
        )

[field_3306] => Array
        (
            [field_id] => 3306
            [type] => price
            [name] => GrossScheduledIncome
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3311] => Array
        (
            [field_id] => 3311
            [type] => number
            [name] => BRE_Total_Parking
            [value] => 1
        )

)

EXIT