112 Market StreetLynn, MA 01901MLS Number 72828801

  • Price: $3,650,000
  • 33 Days on Market
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Federal 30-year interest rate: 2.96% last updated on Jun 10, 2021
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112 Market Street Lynn MA 01901112 Market Street Lynn MA 01901112 Market Street Lynn MA 01901
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  • 0.67Acreage
  • 1957Year Built
  • 26,139Square Feet
Prominent bank building fronting on three streets on a highly visible corner lot in one of Lynn's emerging downtown areas. Opposite the new Caldwell apartment complex. Eastern Bank has just renewed their lease for five more years. This is a high deposit branch with drive through lanes. Long term non-profit tenant on the second level. Owner has upgraded roofing and mechanical systems recently. Possible future conversion of upper floors to housing adding additional floors. Close walk to MBTA parking garage and train stop. Excellent investment potential and 1031 exchange. Elevator covers three floors plus basement. Also service elevator. Income and expenses will be provided after receipt of Non Disclosure Agreement.
Listed by Mark Shapiro and David Hark of The Drumlin Group Inc.

Driving Directions

Colonial Manor Realty
Colonial Manor Realty
Office: 781-844-9371
127 Franklin St
Reading, MA 01867

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More Info

Parking

  • Parking Spaces26
  • Total Parking Spaces26

Building

  • Year Built1957
  • Total Units3
  • Total Bldg Sf26139
  • No Buildings2
  • No Stories3
  • Entry OnlyNo
  • Assessed Value Bldg1919500

Basic Information

  • MLS Number72828801
  • Prop TypeCI
  • Status Date2021-05-11T07:58:00
  • Date Listed05/11/2021
  • List Price$3,650,000
  • Price Per Square Foot$140
  • LeaseNo
  • DirectionCorner of Market and Oxford and Andrew Streets near MBTA garage and train stop.
  • MLS StatusActive

Photos

  • Photo Date2021-05-11T07:58:00
  • Number of Photos3

Location

  • StreetMarket Street
  • TownLynn
  • StateMA
  • Zip01901
  • Zip Code 41125
  • CountyEssex

Property

  • Acreage0.67
  • Space AvailableFor Sale
  • Square Feet26,139
  • SubletNo
  • Lot Size29394
  • Assessed Value Land469300
  • Main LoC95118

Other

  • Modification Date2021-05-15T03:05:00
  • Certificate Number573117
  • Property TypeCommercial
  • Listing AlertNo
  • Year Built SourcePublic Record
  • DisclosureNo
  • Listing AgreementExclusive Right to Sell
  • Off Bldg Sf26139
  • ExclusionsSeller has indicated one excluded buyer.
  • ExchangeNo
  • View Count3
Listed by Mark Shapiro and David Hark of The Drumlin Group Inc.

The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein.

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