aisellshomes.space

$800,000

Active

52-56 Central Sq

Lynn, MA, 01901

Commercial · MLS #73466366

Days on market

New today

Lot size

0.09 ac

0.09 acres

Lot

About this home

Located downtown Lynn, this 3,000 +sq. ft. turnkey commercial property offers immediate income and long-term potential. The sale includes 2 separate spaces: a leased retail currently rented month-to-month for $2,300/m, providing steady income with flexibility for future rent increases, and fully equipped restaurant leased at $4,000/month with a 2-year lease in place. Currently the restaurant includes full bar, seating for 50 guests, making it ideal for a variety of dining concepts. A separate storage area adds additional utility. Situated just minutes from the commuter rail, apartment buildings, and Lynn’s bustling downtown, the property benefits from strong pedestrian and vehicle traffic, ensuring excellent visibility. Located in one of Greater Boston’s fastest-growing coastal communities, adding appeal for both residents and visitors. Buyer and/or buyer’s representatives are strongly encouraged to conduct their own independent due diligence. Landlord pays $1700/m condo fee.

Location

52-56 Central Sq, Lynn, MA, 01901

Property details

Parking
Common

Listed by Dmitriy Dribinskiy · Real Broker MA, LLC

Schedule a showing

52-56 Central Sq

By submitting you agree to be contacted by Antonio Illas.

Estimated payment

$5,179 / month

Down payment20% · $160,000
Interest rate6.50%

Loan term

Principal & interest
$4,045
Property tax
$800
Home insurance
$333

Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses 1.2% of price (MA average).