Commercial for Sale: 386 Summer St, Lynn, MA 01905

3,600 sqft
$5,200,000
$5,200,000
386 Summer St, Lynn, MA 01905
3,600 sqft
$5,200,000
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Price:
$5,200,000
$400,000 - 10/10/2023
Est. payment: Skip to Mortgage Calculator

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Type Commercial
Square Feet 3,600 sqft
Lot Size 0.39 acres
Year Built 1985
City Lynn
County Essex
MLS 73161244
Status Active
DOM 290 days
This is your opportunity to own 20 approved condos, With 2 Bedrooms 1 Bath in every unit . Currently utilized as rental apartments. Several units have been updated, featuring modern kitchens, granite or Formica countertops, an array of flooring including hardwood, laminate, tile and carpet. Additionally, the convenience of in-unit laundry hook-ups, 20 parking spaces and so much more. With a substantial monthly rental roll of $30,000 and the potential for future rent adjustments, this offering presents an ideal opportunity for savvy investors seeking a high-quality asset poised for growth. Perfectly situated with easy access to the T Station and several bus lines, and in close proximity to many shops and malls, this property seamlessly combines convenience and quality, making it a compelling investment prospect. Please call for appt.

Lot & Building Features

Tax Year 2023
Taxes Paid $45,000
Roof Shingle

Price History of 386 Summer St, Lynn, MA

Date Name Price Difference
10/10/2023 Price Adjustment $5,200,000 7.14%
09/20/2023 Listing Price $5,600,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Photo of Maureen Carey
Direct: 603-944-7834
Office
560 High Street
Hampton, NH 03842
603-929-1100
Listed by Coldwell Banker Realty - Lynnfield, Louise Touchette Team
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386 Summer St (MLS #73161244) is a commercial listing located in Lynn, MA. This commercial listing is 3,600 sqft and on a lot of 16,988 sqft (or 0.39 acres) and is 39 years old. This property was listed on 09/20/2023 and has been priced for sale at $5,200,000.

Nearby zip codes are 01251, 01901, 01902, 01904 and 02151. This property neighbors other cities such as Nahant, Peabody, Revere, Saugus and Swampscott.

MLS PIN

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Coldwell Banker Realty - Lynnfield

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.