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Lydia Pinkham Bldg 271 Western Ave 90,000 SF 95% Leased Flex Building Lynn, MA 01904 $5,300,000 ($58.89/SF)
Investment Highlights
- Creative Economy Hot Spot
- Decades of Solid Operating History
- Long-Term Ownership
- 80+ Tenants
Executive Summary
Destination for makers, creators and entrepreneurs on the North Shore of Boston, ~90,000 gross sq ft mixed-use incubator building located on Route 107 in Lynn, Mass. being offered for sale at a very low price of $5.3 million.
Owned and operated by same outfit for nearly 25 years and prior to that by another family for multiple decades.
This is your chance to steward a disappearing incubator building while also earning a return on your investment.
Decades of solid operating history. 80+ tenants.
Keep this force of economic activity thriving!
Property Facts
| Price | $5,300,000 | Rentable Building Area | 90,000 SF |
| Price Per SF | $58.89 | No. Stories | 5 |
| Sale Type | Investment | Year Built | 1896 |
| Property Type | Flex | Parking Ratio | 0.17/1,000 SF |
| Property Subtype | Flex Research & Development | No. Dock-High Doors/Loading | 3 |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 0.52 AC | ||
| Zoning | LI - Light industrial | ||
| Price | $5,300,000 |
| Price Per SF | $58.89 |
| Sale Type | Investment |
| Property Type | Flex |
| Property Subtype | Flex Research & Development |
| Building Class | C |
| Lot Size | 0.52 AC |
| Rentable Building Area | 90,000 SF |
| No. Stories | 5 |
| Year Built | 1896 |
| Parking Ratio | 0.17/1,000 SF |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | LI - Light industrial |
Utilities
- Lighting - Fluorescent
- Heating
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
VIRTUAL TOUR: https://kuula.co/share/collection/7XLBG?logo=0&info=0&fs=1&vr=1&sd=1&initload=0&thumbs=1 Bright, corner office or artist space with extra storage area and a utility sink on the 1st floor of the Lydia Pinkham Building. Gross rent includes utilities.
VIRTUAL TOUR: https://kuula.co/share/collection/7DfX0?logo=0&info=0&fs=1&vr=1&sd=1&initload=0&thumbs=1 Fantastic, large studio / light industrial space. Can be split into two spaces. Easy freight elevator access. Tenant also pays utility reimbursement. space is available with 30-day's notice.
VIRTUAL TOUR: https://kuula.co/share/collection/7bdhQ?logo=0&info=0&fs=1&vr=1&sd=1&initload=0&thumbs=1 Large bright artist studio with southern exposure. Great 4th floor location Perfect for many users. Close to freight elevator. Tenant pays utility charge. Monthly utility charge of $35/month.
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 102C | 240 SF | Office | - | Now |
| 2nd Fl - 204A | 2,000 SF | Flex | - | Now |
| 4th Fl - 402 | 500 SF | Flex | - | Now |
1st Fl-Ste 102C
| Size |
| 240 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
2nd Fl - 204A
| Size |
| 2,000 SF |
| Space Use |
| Flex |
| Build-Out |
| - |
| Available |
| Now |
4th Fl - 402
| Size |
| 500 SF |
| Space Use |
| Flex |
| Build-Out |
| - |
| Available |
| Now |
1st Fl-Ste 102C
| Size | 240 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
VIRTUAL TOUR: https://kuula.co/share/collection/7XLBG?logo=0&info=0&fs=1&vr=1&sd=1&initload=0&thumbs=1 Bright, corner office or artist space with extra storage area and a utility sink on the 1st floor of the Lydia Pinkham Building. Gross rent includes utilities.
2nd Fl - 204A
| Size | 2,000 SF |
| Space Use | Flex |
| Build-Out | - |
| Available | Now |
VIRTUAL TOUR: https://kuula.co/share/collection/7DfX0?logo=0&info=0&fs=1&vr=1&sd=1&initload=0&thumbs=1 Fantastic, large studio / light industrial space. Can be split into two spaces. Easy freight elevator access. Tenant also pays utility reimbursement. space is available with 30-day's notice.
4th Fl - 402
| Size | 500 SF |
| Space Use | Flex |
| Build-Out | - |
| Available | Now |
VIRTUAL TOUR: https://kuula.co/share/collection/7bdhQ?logo=0&info=0&fs=1&vr=1&sd=1&initload=0&thumbs=1 Large bright artist studio with southern exposure. Great 4th floor location Perfect for many users. Close to freight elevator. Tenant pays utility charge. Monthly utility charge of $35/month.
Property Taxes
| Parcel Number | LYNN-000085-000252-000007 | Improvements Assessment | $1,313,800 |
| Land Assessment | $633,000 | Total Assessment | $1,946,800 |
Property Taxes
