465 Washington St | Lynn, MA 01901
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- LoopNet Team
465 Washington St
Lynn, MA 01901
REO Sale with Development Potential · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 465 Washington Street consists of a 6,500-SF former bank in the heart of Lynn’s Opportunity Zone, ideal for a new user or multifamily development.
- Well-maintained property offers an eye-catching 20th-century Art Deco façade and 12 rare private parking spaces.
- Residential use for the property is permitted by right.
- Easily accessible location via nearby Route 1A and Route 107, as well as Lynn Station, with connections for the MBTA commuter rail and bus system.
- Affluent pool of residents or customers with a growing 3-mile population of more than 131,000, 47% of whom currently rent their residence.
PROPERTY FACTS
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Building Size
6,500 SF
Building Class
C
Year Built
1911
Tenancy
Single
Building Height
2 Stories
Building FAR
0.69
Lot Size
0.22 AC
Parcel Number
LYNN-000068-000628-000023
Zoning
CBD - Under the latest affordable housing guidelines, 465 Washington Street features residential zoning "by-right."
Parking
12 Spaces (1.85 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Commuter Rail
- Air Conditioning
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
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