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98 Lynnway 1.87 Acres of Residential Land Offered at $7,000,000 in Lynn, MA 01902
Investment Highlights
- Direct Coastal lot for sale. Approved for 80 Market Rate Condominiums
Executive Summary
The project is 100% approved
80 market-rate units with zero affordable component.
The site has been removed from the flood zone
Preliminary construction cost analysis is approximately 40-42M and can be provided for review upon request
All materials that have been produced and paid for by the present owner for the approvals will be included in the transfer to the new owners and available for review upon request. This includes all architecture plans, interior design elements, site analysis, environmental studies, etc.
Renderings, price pro-forma, branding, social media pages, online business pages, website URLs etc,..will be included in the sale.
Here is a link to marking website, there you can see renderings and plans of the proposed building. ?
www.Harbor98.com
At the option of the new owner, The Synergy Group can be retained to continue as the listing agent for the marketing of the condo sales.
Call Paul at 781-570-9007 for more info
Property Facts
| Price | $7,000,000 | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Proposed Use | Apartment Units - Condo |
| Sale Condition | Redevelopment Project | Total Lot Size | 1.87 AC |
| No. Lots | 1 | Year Built | 1945 |
| Property Type | Land | ||
| Zoning | WF2 - Approved for 80 Market Rate Units Zero Affordable Housing Units. | ||
| Price | $7,000,000 |
| Sale Type | Investment or Owner User |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units - Condo |
| Total Lot Size | 1.87 AC |
| Year Built | 1945 |
| Zoning | WF2 - Approved for 80 Market Rate Units Zero Affordable Housing Units. |
1 Lot Available
Lot
| Price | $7,000,000 | Lot Size | 1.87 AC |
| Price Per AC | $3,743,315.51 |
| Price | $7,000,000 |
| Price Per AC | $3,743,315.51 |
| Lot Size | 1.87 AC |
Direct Coastal Lot for Sale. Approved for 80 Market Rate Units
Description
Investment highlights The project is 100% approved 80 market-rate units with zero affordable component. The site has been removed from the flood zone Preliminary construction cost analysis is approximately 40-42M and can be provided for review upon request All materials that have been produced and paid for by the present owner for the approvals will be included in the transfer to the new owners and available for review upon request. This includes all architecture plans, interior design elements, site analysis, environmental studies, etc. Renderings, price pro-forma, branding, social media pages, online business pages, website URLs etc,..will be included in the sale. Here is a link to the present condo marketing website, there you can see renderings and plans of the proposed building. ? At the option of the new owner, The Synergy Group can be retained to continue as the listing agent for the marketing of the condo sales.
Property Taxes
| Parcel Number | LYNN-000066-000749-000106 | Improvements Assessment | $0 |
| Land Assessment | $3,052,500 | Total Assessment | $3,052,500 |
Property Taxes
Presented by
98 Lynnway
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