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39-43 Buffum St
Lynn, MA 01902
39 43 Buffum Street · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,621 SF
Building Class
B
Year Built/Renovated
1900/2010
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.50
Lot Size
0.06 AC
Zoning
CBD
Parking
30 Spaces (5.47 Spaces per 1,000 SF Leased)
Frontage
64’ on Buffum St

ABOUT 39-43 BUFFUM ST , LYNN, MA 01902

Fantastic, fully Tenanted, 3 story brick building in a great part of Lynn. Seller spent close to $200,000 in improvements in the last six years. All new HVAC units, roof new 6 years ago, brick all repointed, electric all separated between Tenants, Central air through-out. Three forced hot air units and one hot water tank.Full basement with sump pump. First floor is restaurant with 5 year lease, in its second year, paying $2000.00/ month.Restaurant has full liquor license and is open for Breakfast, Lunch, and Dinner. Second floor is a Greek Club paying $1,000 / month as TAW, with beer and wine license, and third floor is a two bedroom apartment as TAW, paying $1200.00. This is a great building in a great location.$4200 month rental income.Landlord pay 1500/Year for water, 3900/year for insurance, and 9400/year for taxes.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
LYNN-000082-000619-000016
Land Assessment
$135,800
Improvements Assessment
$375,300
Total Assessment
$511,100
  • Listing ID: 4465810

  • Date on Market: 9/28/2016

  • Last Updated:

  • Address: 39-43 Buffum St, Lynn, MA 01902

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