$800,000
Active52-56 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 Lynns bustling downtown, the property benefits from strong pedestrian and vehicle traffic, ensuring excellent visibility. Located in one of Greater Bostons fastest-growing coastal communities, adding appeal for both residents and visitors. Buyer and/or buyers 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
Estimated payment
$5,179 / month
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).