1-25 Munroe StreetLynn, MA 01901MLS Number 73116878

  • Price: $3,799,999
  • Est. Mortgage of $/month
  • 363 Days on Market
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Federal 30-year interest rate: 6.94% last updated on May 23, 2024
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Under Agreement
1-25 Munroe Street Lynn MA 019011-25 Munroe Street Lynn MA 019011-25 Munroe Street Lynn MA 019011-25 Munroe Street Lynn MA 019011-25 Munroe Street Lynn MA 019011-25 Munroe Street Lynn MA 019011-25 Munroe Street Lynn MA 01901
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  • 10Bedrooms
  • 0.29Acreage
  • 10Bathrooms
  • 1900Year Built
Rarely available downtown parcel in Lynn's CBD district. 12,599 sqft assemblage on the corner of Munroe Street and Market Street. Two buildings and parking lot available for sale. 1 Munroe Street features 1 retail unit and 6 gutted renovated units (2019) over 8215 sqft. High ceilings, new systems, electric service, plumbing, sprinkler, etc. Laundry rooms on each floor. Long term retail tenant. 21 Munroe Street features 5 newly vacated commercial units over 10,773 sqft. All residential units in 1 Munroe Street on leases through 8/31/2024. Lots of development options. Build 10 stories by right or keep as-is.
Listed by Julius Sokol of Lokos Realty & Management

Driving Directions

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

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More Info

Basic Information

  • Gross Income $44,400
  • Lot Features Corner Lot
  • Mls StatusUnder Agreement

Location

  • Address1-25 Munroe Street
  • Building Number1-25
  • CountyEssex
  • StateMA
  • StreetMunroe Street
  • TownLynn
  • Zip01901

Property

  • Acreage0.29

Utilities

  • Electric 200+ Amp Service
  • Sewer Public Sewer
  • Water Source Public

Amenities

  • Other AmenitiesBasement, Beachfront

Water Body

  • Miles to Beach2
  • Waterfront Features Beach Front, Ocean,1 to 2 Mile To Beach, Beach Ownership(Public)

Tax Information

  • Tax Assessed Value $2,136,500
  • Tax Year 2023
  • Taxes$32,797

Rooms

  • Bathroom10
  • Bathrooms Total Decimal 8
  • Bedrooms10
  • Full Bath6
  • Half Baths4

Building

  • BasementPartially Finished
  • Building Area Units Square Feet
  • Construction Materials Frame, Brick
  • FoundationGranite
  • Rooms99
  • Stories4
  • Units12
  • Year Built1900
  • Year Built Details Approximate
  • Year Built Source Owner

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street
  • Parking Spaces10

Basic Information

  • List Price$3,799,999
  • MLS Number73116878
  • Modification Date12/06/2023
  • Property SubType5-9 Family
  • Purchase Contract Date09/24/2023
  • Sale Date09/24/2023

Exterior

  • RoofRubber

Property Information

  • Building Area Source Public Records
  • Living Area 18,988
  • Lot Size Square Feet 12,599
  • Lot Size Units Acres
  • Square Feet18,988
  • View YN Yes

Other

  • Buyer Agency Compensation2%
  • Date Listed05/29/2023
  • Farm Land Area Units Square Feet
  • Transaction Broker Compensation0%
  • View Count15
Listed by Julius Sokol of Lokos Realty & Management

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. 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. MLSPIN 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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