Rare opportunity to acquire a stabilized mixed-use income property with long-term commercial tenancy, residential income and off-street parking, conveniently located near Lynn’s Diamond District, Lynn Shore Drive and Lynn Beach. The first floor is occupied by a convenience store paying $3,000/month with a 10-year lease and 5-year option, while the second-floor 3-bedroom, 1-bath residential unit rents for $2,900/month. The property also offers 4 off-street parking spaces, a full basement and convenient access to public transportation, including MBTA bus service and the Lynn commuter rail station, as well as shopping, parks and major routes. Ideal for an investor seeking established income or a future owner-occupant. The residential unit is currently occupied by a tenant at will. The neighboring 47 Broad Street is also available separately for $1,249,900, offering three 3-bedroom, 1-bath units, all currently occupied by tenants at will at $3,200/month each, plus 6 off-street parking spaces. Property sold as-is; buyer/buyer’s agent to perform due diligence.
Long standing warehouse used for furniture sales and storage. IL zoning allows many light industrial and assembly uses including outside storage by special permit. Currently $6,200/month income from outside storage. Building has an electric lift to move furniture to second level. Basement has 10,000 s.f. of storage space. Truck dock with loading door. Building is fully sprinklered. This building can be used for many light manufacturing or warehousing uses. The building could also be razed and the site redeveloped for light industrial, storage or other uses. There are three parcels of land which total 38,501 s.f. Two of the three lots are zoned IL.
Attention investors! First time on the market in almost 20 years! A substantial investment has been made to replace all six gas-fired heating systems, hot water tanks and common area upgrades in this well-maintained six-unit apartment building. Each oversized three-bedroom unit has separate utilities, and the property offers off-street parking and an established rent roll. Three units have recently undergone extensive renovations, including new bathrooms, refinished hardwood floors, fresh paint, and additional updates. All units have Letters of Deleading Compliance. Professionally maintained with significant recent improvements, this income-producing property offers a desirable unit mix and potential for future rental growth.
Prime commercial opportunity with business in the heart of Lynn! Located at the highly visible corner of Central Avenue and Washington Street, 47–53 Central Avenue benefits from strong traffic counts, significant pedestrian activity, a Walk Score of 90, and a dense surrounding population. The property has been home to the iconic and locally recognized Cal’s News for nearly 90 years. The current owner is ready to retire, creating an excellent opportunity for a new owner to continue and expand the established business. Potential growth opportunities may include adding grocery and market items, obtaining EBT authorization, becoming an authorized Amazon, UPS, or FedEx drop-off location, and pursuing a beer, wine, and/or liquor license, all subject to applicable approvals. The building consists of two retail units. The left-side unit is owner-occupied by Cal’s News, a long-standing magazine, tobacco, lottery, and convenience store. The right-side unit is leased to a successful Latin restaurant and bar, providing immediate rental income. Additional revenue is generated from a double-sided rooftop billboard. Ideal for an owner-occupant, investor, or entrepreneur seeking an established business, loyal customer base, strong visibility, and opportunities for future expansion. The Latin restaurant is currently under lease. Contact the listing agent for additional information.
Exceptional mixed-use investment opportunity! Recently fully renovated, this well-maintained property features one commercial unit and three residential units, all fully occupied, offering immediate and strong income potential with an estimated 8% cap rate. Ideally situated on a corner lot with off-street parking and convenient access to public transportation, shopping, restaurants, major highways, and the beach. An excellent opportunity for investors or owner-occupants looking to expand their real estate portfolio. Put your money to work! Drive by and discover this outstanding income-producing opportunity. Explore the potential of real estate investing with this fully rented, income-producing property. Drive by and see this exceptional opportunity!
Large multi family/ rooming house in a prime location. 14 Bedrooms, 3 full bathrooms, 3 + half bathrooms and other large living areas including kitchen with updated cabinets and granite counters, hardwood floors. Recent updates and paint on top floor and some bathrooms. This is either a rooming house/micro units with big potential for value add or a re-development windfall at nearly 6000 sqft which could easily accommodate 6 new condos at 750sqft each with 1 car parking per unit. Elevator & sprinkler building which enhances it's development appeal. Finished lower level space adds potential for daylight walk out at garden level. High ceilings and original woodwork and character great for conversion, easy access to Western Ave, Nahant, Lynn and Revere waterfronts, walking distance to Commuter Rail, Market Basket as well as the booming Downtown Lynn district. This is an ideal next project. Contact listing agent for access.
Attention investors! Don’t miss this exceptional opportunity to acquire a well-maintained six-unit apartment building featuring spacious three-bedroom units throughout, a strong established rent roll, and an attractive 7.1% cap rate. Three of the units have recently undergone extensive renovations, including brand-new bathrooms, refinished hardwood floors, fresh paint, and numerous additional updates, providing immediate value and future rental growth potential. All units have Letters of Deleading Compliance, offering added value and peace of mind. The property has been professionally maintained and features a heating system that is only 3 years old. This turnkey investment offers a desirable unit mix that continues to attract strong tenant demand and is an excellent opportunity for investors seeking a stable, income-producing asset with significant recent capital improvements and long-term upside potential.
Prime commercial opportunity in the heart of Lynn! Located at the highly visible corner of Central & Washington, 47-53 Central Ave benefits from exceptional traffic counts, strong pedestrian activity, a walk score of 90 and a dense surrounding population. This well-known property has been home to the iconic Cal's News for nearly 90 years, establishing a long-standing reputation and loyal customer base within the community. The building consists of two retail units: the left-side unit is owner-occupied by Cal's News, a tobacco, magazine, and lottery c-store, while the right-side unit is leased to a successful Latin Restaurant & Bar, providing stable rental income. Ideal for an owner-occupant seeking to operate their own business, expand an existing concept, or capitalize on the established location and customer traffic. Additional income is generated from a double-sided rooftop billboard. Latin restaurant is currently in a lease; contact the listing agent for additional information.
Attention Investors:Do not miss this remarkable opportunity to acquire a prime commercial property located in the vibrant heart of Lynn's rapidly expanding Arts and Entertainment District. This versatile building offers unparalleled potential, positioned just steps away from North Shore Community College, public transportation options, a variety of restaurants, and exciting entertainment venues.Ideal for a multitude of business ventures—including restaurants, cafés, retail shops, fitness studios, and office spaces—this property is surrounded by new residential developments, ensuring robust foot traffic. It features private parking, convenient access to additional free parking nearby, and excellent commuter accessibility.Seize this rare chance to invest in one of Lynn's most promising and dynamic locations. Your future success starts here!
Value-add investment opportunity. ±19,473 SF mixed-use commercial property located on a corner parcel in Lynn, MA. The property includes a mix of automotive service bays, retail frontage, fitness/training space, warehouse/flex areas, and one residential unit. The current layout supports multiple tenants and uses, with potential to improve income through re-leasing, space reconfiguration, or operational efficiencies. Situated within Light Industrial (LI) zoning, the property allows for a range of commercial and industrial uses, making it suitable for both investors, owner-users, or possible redevelopment. Three overhead doors, fenced-in parking, and six separate meters. The asset offers in-place income with upside tied to lease-up, repositioning, or operational optimization. All information was obtained from the owner and public records; prospective buyers should perform their own due diligence. Offering Memorandum under development.
This modern and meticulously updated, expansive commercial property offers a rare opportunity for business owners, investors, and entrepreneurs. Featuring three prime storefronts, expansive office space, and an extraordinary garage/workshop area featuring 20 ft ceiling height with 2 garage doors approximately 12 feet and 2 parking spots. Storefront 1 - $1350; Storefront 2 - $2000; Storefront 3 - $1900; Garage - TBD. All TAW with 3% yearly increases in place. Whether you're looking for retail space, professional offices, or room for manufacturing and storage, this property has it all. With high visibility and strategic location, it is a perfect spot to grow your business.
Lynn is located in Massachusetts. Lynn, Massachusetts has a population of 100,233. Lynn is less family-centric than the surrounding county with 29.43% of the households containing married families with children. The county average for households married with children is 30.06%.
The median household income in Lynn, Massachusetts is $63,922. The median household income for the surrounding county is $86,684 compared to the national median of $69,021. The median age of people living in Lynn is 36.3 years.
The average high temperature in July is 80.5 degrees, with an average low temperature in January of 19 degrees. The average rainfall is approximately 47.7 inches per year, with 41.8 inches of snow per year.
