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Newly Valued Commercial Opportunity! 613-617 Summer St 3,937 SF 100% Leased Retail Building Lynn, MA 01905 $1,200,000 ($304.80/SF)
Executive Summary
This modern and meticulously updated, expansive commercial property offers a rare opportunity for business owners, investors, and entrepreneurs. Featuring three prime storefronts, expansive office space, and an extraordinary garage/workshop area, this property is ideal for a variety of commercial uses. Whether you're looking for retail space, professional offices, or room for manufacturing and storage, this property has it all. With high visibility and strategic location, it is a perfect spot to grow your business.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,937 SF
Building Class
C
Year Built/Renovated
1947/2023
Price
$1,200,000
Price Per SF
$304.80
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.84
Lot Size
0.11 AC
Zoning
BD
Parking
2 Spaces (0.51 Spaces per 1,000 SF Leased)
Very walkable
80/100
Moderately drivable
70/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | LYNN-000020-000280-000026 | Improvements Assessment | $459,700 |
| Land Assessment | $220,000 | Total Assessment | $679,700 |
Property Taxes
Parcel Number
LYNN-000020-000280-000026
Land Assessment
$220,000
Improvements Assessment
$459,700
Total Assessment
$679,700
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Newly Valued Commercial Opportunity! | 613-617 Summer St